Cardano’s infrastructure is ready for smart contract functionality as the network comes very close to activating the Alonzo hard fork.

According to the official announcement by the IOG team on Twitter, their engineers have provided an updated version of the Cardano wallet software Daedalus.

“Daedalus 4.3.1 supports Alonzo and includes a countdown timer for the Alonzo HFC upgrade. In addition, window improvements, improvements in transaction management and support for the upcoming firmware update of the Trezor hardware wallet. ”

OUT NOW: #Daedalus Main network 4.3.1

Daedalus 4.3.1 brings #Alonzo Support & includes a countdown to the Alonzo HFC upgrade. In addition, improved display of windows, improvements in transaction management and support for the upcoming firmware update of the Trezor hardware wallet. #Cardano pic.twitter.com/1p3XxmkVrh

– input output (@InputOutputHK) September 10, 2021

Daedalus 4.3.1 is the first version of this wallet that supports the mainnet activation of the Alonzo hard fork, which is supposed to bring smart contracts to Cardano (ADA).

In addition to mainnet support, the new wallet version is ready for the upcoming hardware firmware update for the Trezor wallet. It also offers a number of UX / UI and performance improvements.

To celebrate the milestone for the largest PoS blockchain, the IOG developers have activated a countdown timer. This is how Cardano enthusiasts can follow the progress of the Alonzo activation.

The IOG team emphasized that all Daedalus users should update their wallets before the Cardano Hard Fork Coordinator starts updating the system to ensure seamless and uninterrupted wallet operations.

As reported by Bitcoin Magazine, the Alonzo hard fork is set to take place on September 12, 2021 at around 9:44 p.m. UTC, which is around 4:44 a.m. on September 13, Synthetic Teamese time. Yesterday, Binance Exchange confirmed support for the upgrade.

The age of smart contracts and Dapp

If all goes well, the community is hoping that the network can be expanded to take advantage of Defi, NFT, tokenization, and other types of dapps. Alonzo is part of Cardano’s roadmap, which spans five different eras including Byron, Shelley, Goguen, Basho and Voltaire.

Currently, the Cardano network is in the Goguen era. The developers worked with Shelley on Goguen, and once Goguen is done, either people who understand or don’t understand the tech can create Cardano smart contracts.

“With the integration of smart contracts, the Goguen era represents a huge step forward in the capabilities of the Cardano network. While the Shelley era decentralizes the core of the system, Goguen adds the ability to run Dapps on the solid foundation of Cardano to build up.

Outlier Ventures released a report on blockchain developments in the second half of 2020 and the first half of 2021 this week, and the Cardano project is one of the top development projects. In terms of active developers, Ethereum has 168 while Cardano has 165, according to an outlier report by Robin Andre Nordnes. Despite a loss of more than 16% in the past seven days, year-to-date statistics show ADA is up more than 2.555%.

Source: TradingView

We invite you to join our Telegram for faster news: https://t.me/coincunews

Annie

Bitcoin magazine

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page