Cardano Announces Official Release Date for Alonzo Mainnet Upgrade

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


The Cardano team has announced an official date for the release of its long-awaited Smart Contract capability rollout. According to IOHK, the host company of Cardano, the Alonzo hard fork will go live on September 12.

The integration of Smart Contracts on the proof-of-stake platform will allow developers to create dApps satisfying use cases like DeFi, NFTs, and gaming codes in its native programming language, Plutus.

Speaking on the new development, Cardano Head of Delivery Nigel Hemsley noted that:

“We are rapidly moving towards the hard fork on the mainnet.

Our engineering and test teams are working extremely hard to make sure components are updated and ready for the final Alonzo release.”

Cardano Releases Alonzo Purple to Test Run Mainnet

Last week, IOHK announced the implementation of the Alonzo Purple update, the platform’s first public test network version. The network currently operates on the second-last phase in a series is Alonzo testnets, which would end with the mainnet hard fork scheduled for next month.

The Alonzo Purple update test runs the Smart Contract code by the community, runs validator nodes, and stake assets. Meanwhile, the focus is on software testing and last-minute checks to advance the network towards the final deployment.

The IOHK team noted that crypto exchanges would have to get prepared before the mainnet launch with the complete software package, including elements like DB-Sync, Cardano wallet, Rossetta API, and GraphQL Explorer. To achieve this, the Cardano Foundation announced that it is in talks with 140 exchanges to begin the integration of Alonzo Purple.

Once all the software elements are in place, the next course of action is to implement a final testnet on September 1, which should usher in the mainnet launch.

 

You can purchase crypto coins here: Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *