Cardano Launches Smart Contract after a successful hard fork. The users can now create their own smart contracts on the public blockchain.
The completion of Alonzo hard fork has facilitated the integration of Plutus scripts. The news of the upgrade was tweeted by Cardano on September 12th.
Also Read: Cardano The Future of Blockchain
Cardano project has gained much attention lately with its meteoric rise in price. The ADA coin hit the tag of 3.10 on Sept. 3rd.
With the smart contract functionality, Cardano’s ADA is ushering into a new era.
1/2 Upgrade successful.
Moments ago, we deployed the #Alonzo upgrade at the epoch rollover.
Welcome to the start of a new era for #Cardano $ADA pic.twitter.com/r6QNvTv4pt
— Input Output (@InputOutputHK) September 12, 2021
Users can write their smart contracts into the blockchain with the help of Plutus Script. The team calls the script “a purpose-built smart contract development language and execution platform using the functional programming language Haskell.”
The enabling of decentralized application creation will increase the use cases of the Cardano blockchain.
The team Cardano praised their community for helping them achieve this success.
It’s only just the beginning. But this is still a moment for celebration. As a community, we have been on an incredible journey together. Rightly, we should allow ourselves to acknowledge the tremendous efforts made by so many to get here. This will also be a time for reflection on the challenges we’ve collectively overcome.
Cardano was developed by one of the EThreum blockchain developers back in 2017. The platform pledged to compete with ethereum by offering the same set of functionalities. However, it failed to deliver smart contracts up until now.
As Cardano launches smart contract, it has now become capable of rivaling the Ethereum platform in terms of hosting decentralized finance.