Main navigation

Date of Cardano’s Smart Contract Launch Officially Confirmed

News
Tue, 09/07/2021 - 19:27
article image
Alex Dovbnya
IOG CEO Charles Hoskinson described the upcoming smart contract launch as a “remarkable” achievement
Date of Cardano’s Smart Contract Launch Officially Confirmed
Cover image via stock.adobe.com
Read U.TODAY on
Google News

A smart contract update proposal has been successfully submitted to Cardano’s mainnet, according to a recent announcement made by developer IOG.

The Alonzo hard fork combinator (HFC) event will now officially take place on Sept. 12, which is in line with the team’s original schedule.

Presently, stake pool operators, exchanges and other partners keep preparing for Cardano’s most significant upgrade to date.

Related
Salvadoran Business Leader Slams Bitcoin Amid Brutal Price Crash


IOG CEO Charles Hoskinson says that developers who already have Plutus code for their applications will be able to run it on the blockchain’s mainnet starting from Sunday.  

While the smart contract launch is just around the corner, the price of the ADA cryptocurrency is under severe pressure amid a major market correction. Earlier today, the price of the third-largest coin plunged by more than 30 percent to as low as $2.

article image
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.