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Cardano's Smart Contract Upgrade Being Integrated by Exchanges

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Tue, 08/17/2021 - 05:54
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Alex Dovbnya
Exchanges are actively working with the Cardano Foundation to become Alonzo-ready
Cardano's Smart Contract Upgrade Being Integrated by Exchanges
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According to a recent development update published by IOHK, six cryptocurrency exchanges are “actively engaging” with the Cardano Foundation to integrate the much-anticipated smart contract upgrade.

Their number is expected to rapidly increase during this week as Cardano inches closer toward the launch of the Alonzo hard fork.   

IOHK aims to make sure that as many exchanges as possible are Alonzo-ready before the upgrade gets deployed on the mainnet.

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As explained by Nigel Hemsley, head of delivery at Cardano, the majority of exchanges have to be on board in order to reach the necessary level of liquidity before the hard fork combinator event:  

We do need the lion’s share…cause it provides us with liquidity before we do the hard fork.  

As reported by U.Today, Cardano’s smart contacts are set to launch on Sept. 12.

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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.