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Cardano Launches First Alonzo Testnet While Presenting Rollout Plan for Smart Contracts

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Thu, 05/27/2021 - 17:56
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Alex Dovbnya
Cardano's smart contracts are expected to go live around September
Cardano Launches First Alonzo Testnet While Presenting Rollout Plan for Smart Contracts
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According to a May 27 announcement by Input Output Hong Kong, Cardano has successfully rolled out the first Alonzo testnet.

The fourth-largest blockchain is making significant progress toward launching Plutus smart contracts, which will make it possible to deploy a wide range of decentralized financial applications.     

The Alonzo Blue testnet will be initially available for a limited number of stake pool operators, members of the Plutus pioneer program as well as several partners.

As reported by U.Today, IOHK CEO Charles Hoskinson claimed that the hard fork would be activated on the mainnet in roughly three months but also urged the community to manage its expectations.

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Charles Hoskinson Names 3 Reasons Why Cardano Is Superior to Ethereum 2.0

It’s all about the purple

According to Alonzo’s updated rollout plan that was presented during the most recent Cardano 360 event, smart contracts will be fully launched around September.

Cardano
Image by youtube.com

This will be preceded by several intermittent phases. With Alonzo White, Cardano will bring more partners and run performance benchmarks.

As soon as white rolls into purple, the testnet will be fully public, which means that all Plutus pioneers and SPOs will be able to participate.        

After several small phases, Cardano will be “pretty much close” to its hard fork combinator (HFC) event.     

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.