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Cardano Smart Contracts is Now Live! What Next?

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After years of study and the creation of a profusion of peer-reviewed articles on the network’s architecture, prospects, concepts, objectives, and other topics, Cardano finally launches smart contracts features to further improve its network.

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Cardano has undergone a huge hard fork today, and Alonzo is now live on the mainnet.

This means that the network supports smart contracts, allowing various teams and companies to quickly create and implement protocols on Cardano.

Just the beginning!

Despite the achievement, Cardano emphasises that the project is still in its early stages, claiming that now is when “the mission truly begins” in a blog post published the same day.

“This is where the mission truly begins as we – the whole community – start delivering on the vision we have all been working towards for so long. Building a decentralized system that extends economic identity and opportunity to everyone, everywhere.”

The team, on the other hand, has urged its fans to keep realistic expectations for Alonzo. It said Cardano enthusiasts may anticipate a complex ecosystem of consumer-ready DApps shortly following the upgrade. Expectations must be handled in this situation.

Also Read : Cardano Price on the Brink of a Huge Breakout! $5 Imminent for ADA

What Hoskinson has to say?

Charles Hoskinson, the creator of Cardano, believes the platform’s long journey to the smart contract age will benefit the whole crypto sector.

“….So much code was written and a lot of very careful thought went into building a very novel model that’s ubiquitously beneficial, if anything, as an experiment for the industry [that] we feel is the best industrial model.”

With smart contract functionality now available on Cardano’s mainnet, Hoskinson is looking forward to what the ecosystem has in store, including the launch of the Plutus application backend, which includes a set of components that will allow both technical and non-technical users to build on the network.

Overall, Many Cardano enthusiasts, are excited to see smart contracts deployed in the first few hours following the Alonzo hard fork. Projects currently under development may show up in the coming months.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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