$30B ADA now staked as Alonzo smart contract excitement builds
Cardano launched its first Alonzo smart contract testnet on May 27. On June 11, IOHK confirmed that Alonzo is now able to deploy smart contracts. More than $30 billion worth of Cardano’s ADA has been staked in anticipation of a major milestone in the network’s evolution — one that could set the stage for wider network adoption and a more considerable price appreciation for the cryptocurrency.Roughly 71.7% of ADA’s circulating supply, worth roughly $31 billion at today’s prices, have been staked across 2,665 active pools, according to data provider PoolTool. On Thursday, the price of ADA....
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Smart contract deployment picks up the pace on Cardano’s testnets for the Alonzo, as project leadership says progress is still on track despite delays. The Cardano network is in the watershed phase of its network development and upgrades. The ongoing phase of the protocol’s roadmap is the Goguen phase, bringing smart contracts to the network. This is the third phase of the roadmap after Byron and Shelley. The Goguen phase was split into three stages, Allegra, Mary and Alonzo.The Allegra update went live on December 16 last year, and the Mary update was deployed on the mainnet on March 1....
Cardano, the third cryptocurrency ranked by market cap, has successfully applied the “Alonzo” hard fork, adding smart contract capabilities to its functionality. The update, that had been deployed in testnet days ago, finally was incorporated in mainnet yesterday. Cardano is now looking to deploy defi apps, and there are already several parties working on widening the Cardano ecosystem in that regard.
Cardano Enters Smart Contracts Arena
Cardano, one of the leading cryptocurrency chains by market cap, has successfully applied the “Alonzo” hard fork.....
Following the successful Alonzo hard fork, the Cardano network now has a large swathe of new smart contracts. However, developers must wait to use them as they are locked in a timelock contract. At the time of writing, metrics show an aggregate total of 2,352 smart contracts since the Alonzo upgrade was implemented.
Cardano Has More Than 2,300 Smart Contracts Waiting to Be Deployed
The Cardano (ADA) network upgraded last week and since then the most topical conversation among ADA proponents is smart contracts. The use of smart contracts on the Cardano network has been a holy....
Cardano moves at full speed towards its final hard fork combinator (HFC) event Alonzo to implement full smart contract capabilities. The community has been keeping a close eye on the latest developments, as AlonzoPurple enters its final test stage. Input-Output Global, the company behind this blockchain and its development, recently disclosed that they submitted an upgrade proposal. This will allow the Cardano testnet to hard fork “into the Alonzo era”. ❗🍴 Today, we have just submitted an upgrade proposal to the #Cardano testnet to hardfork the chain into the #Alonzo era and enable smart....
Cardano (ADA) becomes the third-largest component of the GDLC basket after Bitcoin and Ethereum In a recent development, Grayscale Investments announced an adjustment to its Grayscale Digital Large Cap Fund (OTCQX: GDLC) to include Cardano (ADA) as the third-largest holding.Reflecting the growing demand for crypto investments, the fund’s portfolio was adjusted by selling existing components for fiat currency and reinvesting it in Charles Hoskinson’s ADA token. As of July 1, 2021, each share of the GDLC basket is comprised of 67.47% Bitcoin (BTC), 25.39% Ethereum (ETH), 4.26% Cardano and....