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December 9, 2022
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Testnet gives Cardano its first smart contracts

Input-Output Hong Kong (IOHK), a blockchain infrastructure research and engineering firm behind the development of the Proof of Participation Cardano (ADA) platform, has announced that the Alonzo Purple testnet is up and running.

After Alonzo’s first two updates, nicknamed blue and white, Alonzo Purple’s latest update starts as the first fully public Cardano test network to support smart contracts.

Preparing for the final phase

It is an important moment, marking significant progress in the implementation of smart contracts on the Cardano main grid, which is scheduled for the end of August / beginning of September

As reported on Twitter by the developer team.

As the critical update, which introduces smart contract functionality to Cardano, unfolds, the developer team proceeds with the systematic integration of crypto exchanges.

“We want to ensure that as many exchanges as possible are ‘[Alonzo hard-fork-ready]’ when we hard fork the network, to ensure that your customers maintain uninterrupted deposit/withdrawal access to their ADA and don’t have to wait for it to be resolved later,” added IOHK, as Cardano continues to make a smooth transition to the network. expected was from the smart contract.

Hard Fork Combinator (HFC) Event

The team behind the world’s fifth-largest crypto by market capitalization plans to release full smart contract compatibility in the coming weeks, but after the initial integration phase, IOHK will fork the network and open the Alonzo Purple test network to any developer you want to join.

Cardano creator Charles Hoskinson said in a live broadcast:

What’s really cool is that five seconds after the HFC event occurs, you can run the Plutus code in Cardano… If you’re really creative and really understand our stack, you guys can really start writing and deploying your smart contracts on the main network , if you so choose, which is amazing. Or you can wait two, three weeks and testnet will be in a position where you will have the full ‘Cadillac’ experience and be able to write things and deploy them there

Cardano is still on schedule for announcing the HFC event, which is slated for Aug. 12-13, said Hoskinson, who continues with regular updates on release progress as the developer team prepares for the “huge wave of contracts smarts” that will go online soon.

Source: CryptoSlate

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