Cardano’s developer IOHK confirms the launch date for the smart contracts capability on the network. He said it’ll take place on September 12th.
The long-awaited upgrade to the Cardano Mainnet will add smart contracts capability to the network.
Of course, It will give access to developers and investors on the network. The launch is just four days away, on Sunday.
He shared on Twitter, how he successfully submitted an upgrade proposal to the Cardano Mainnet. For instance, This will give developers a wider community access.
Cardano’s developer IOHK.
“The Alonzo HFC event will be the most significant upgrade yet, laying the firmest of foundations for an exciting new era of smart contracts on Cardano,”
The HFC technology will activate the deployment of smart contracts capability with the core Plutus. Moreover, This will have all compatibility upgrades across the entire software stack.
Testing has already kicked off for the smart contracts capability. Also, Those involved in the test were the trusted testers from previous upgrade iterations.
However, Transaction Processes have started on the smart contracts and developers have taken to building their DApps on the platform.
This project will set up Cardano to compete with other networks in the space. Cardano can now go against well-known smart contracts platforms like Ethereum, and the new contender in the market, Solana.
Alonzo Hard Fork will bring decentralized finance (DeFi) and decentralized exchanges (DEX) to the ecosystem. A feature that will allow NFTs minting to be active on the Cardano blockchain.
Effectively expanding the scope of use cases of the network.
IOHK encourages developers to keep testing on the network for any errors, adding that
“this is what a testnet is for.”