Cardano (ADA) founder teases announcement of smart contract rollout date


Cardano (ADA) founder teases announcement of smart contract rollout date

Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more.

Start Earning Interest

The highly anticipated Alonzo upgrade is nearing completion.

· 2 min read

So far, 2021 has been a stand-out year for Cardano. Having started the year at $0.18, the number five cryptocurrency enjoyed a strong surge taking its price to an all-time high of $2.50 by mid-May, a +1,288% gain.

Even during the FUD-induced downturn that followed, Cardano faired better than most others. Still experiencing a 64% drop from peak to trough, but managing to build off support to retain a significant proportion of YTD gains.

How To Get Free Crypto  

To date, Cardano is up 650% since the start of the year. Whereas Bitcoin is up 30%, and Ethereum is up 256%.


Definitive Alonzo date will be known mid-month

Yesterday, Input Output Global (IOG) CEO, Charles Hoskinson took to social media, saying the intermediate “White” phase is coming to an end this week. This refers to testing by a large cohort of broad user groups.

From next week, the “Purple” phase will commence. This involves bringing onboard third-party partners, such as exchanges and wallet providers, to ensure integration of the new code with their systems.

“Everything gets wrapped up today and on Thursday, Friday. Then next week  we will begin bringing in lots of exchange partners outside of the original “White set” and go with light Purple.”

With everything on schedule so far, Hoskinson said a firm date for the hard fork combinator (HFC) would be given during the mid-month update. It’s at this point that IOG will have feedback from the third-party partners on integration timelines.

Coinbase Banner  

HFC is Cardano’s method of hard forking to bring updated code across the network. It is designed to enable the combination of several protocols, all without having to make significant adjustments. That way, there is no network downtime, simply a transition from old to new.

Pending unforeseen issues, Hoskinson gives a window of the end of August to the first week of September. But as mentioned, a definitive date will come during the mid-month update.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Like what you see? Subscribe for updates.

Go to Source
Author: Samuel Wan

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.