Countdown to Cardano’s Hard Fork: Goguen Phase Smart Contracts ‘Represent a B...
The digital currency network Cardano is two days away from the upcoming hard fork on September 12 and the community is expecting to see functional smart contracts. These can be used for decentralized finance (defi), non-fungible tokens (NFTs), and other types of decentralized applications (dapps). Cardano has managed to capture the third-largest crypto market capitalization among 10,000+ crypto assets but over the last seven days, cardano has lost more than 16% in value. Cardano Expects to Upgrade in 2 Days With more than $400 billion under the hood, the ethereum (ETH) market is....
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Cardano has been looking towards its most recent hard fork titled the Vasil Hard Fork. This will improve not only the network efficiency but is said to make the network more developer-friendly as a whole. The countdown to the hard fork has been a source of hope for many. Given that the price of Cardano’s native cryptocurrency ADA has been struggling so hard, the hope is that the launch of the hard fork will give it a nudge towards recovery. Why Is Vasil Hard Fork Important? For a network like Cardano which is seeing rapid growth, it becomes imperative for the network to run even better....
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....
IOHK is planning a "smooth upgrade path to Goguen." IOHK, the development arm behind Cardano, recently announced a new hard fork of the protocol scheduled for mid-December. Kevin Hammond, a software engineer at IOHK, revealed this week that Cardano will undergo a hard fork later this month as part of its transition to the Goguen development era. Although most observers associate hard forks with trauma, Hammond said that these events are handled much differently on Cardano:“[...] Cardano handles hard forks automatically, without stopping block production. This gives a uniquely smooth....
After the market “sells the news” after the successful Cardano Alonzo hard fork, there is a slow realization that real utility could still be on the distant horizon for the network. Cardano (ADA) reached a major milestone in its roadmap on Sep. 13 as its blockchain launched Plutus-powered smart contracts as a part of the Alonzo hard fork. The Alonzo hard fork has been highly anticipated in the Cardano community as well as the cryptocurrency sphere at large.The smart contract functionality is meant to allow Cardano to become a platform on which developers can build decentralized....
Cardano’s Mary upgrade and token gains are poised to compete with Ethereum, while metrics suggest that Ethereum is still king. The Cardano Foundation's coin ADA, hit its all-time high of $0.97 on Feb. 12, having started the year trading at $0.18, thus entailing 438% gains year to date. Apart from the macro trends in the cryptocurrency industry driving up the price of flagship assets, such as Bitcoin (BTC) and Ether (ETH) translating to other altcoins, such as LINK, DOT, etc., Cardano’s growth could also be attributed to the network updates that Cardano has been running on its blockchain....