Cardano Announces Official Release Date for Alonzo Mainnet Upgrade

Azeez Mustapha
13 August 2021 | Updated: 13 August 2021

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.

 

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Azeez Mustapha

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.