Cardano Close to Launching Smart Contracts: Charles Hoskinson

[Cz Rock]

Cardano Founder Discusses Roadmap
With a market capitalization of more than $60 billion, Cardano is one of the world’s most valuable decentralized networks.

It launched in 2015 when one of the co-founders of Ethereum, Charles Hoskinson, conceptualized a new Proof-of-Stake blockchain. Cardano was meant to be a vast improvement on Ethereum, so instead of deciding the software architecture and features by himself, Hoskinson decided to adopt a peer-reviewed academic approach.

With this, the project embraced the philosophy of openness in software development and implemented software features using an evidence-based method. Over the years, Cardano’s research team has published over 100 academic research papers, all the way from distributed systems to programming languages and game theory.

Since its creation, the blockchain has evolved through different versions or eras, each adding new key features. The first iteration of Cardano, known as the Byron Era, started in Sep. 2017, and it allowed users to exchange Cardano’s ADA currency on a federated network by utilizing the Ouroboros consensus protocol.

Cardano’s following upgrade, called Shelley, took place in mid-2020 and achieved decentralization of the network consensus. With the launch, the network was upgraded to a state where the majority of nodes would be run by the community, not a centralized group.

After Shelley, the latest version of Cardano known as Goguen aims to bring new blockchain functionalities through a series of hard forks. For instance, in Mar. 2021, the team added support for native assets on Cardano with the Mary hard fork. To fulfill the next step of the Goguen era, Cardano is now heading towards a highly anticipated hard fork named Alonzo. This upgrade will enable developers to finally be able to build smart contracts on Cardano.

According to Cardano’s founder, Charles Hoskinson, hundreds of #DevelopmentTeam s are already striving to make their contributions. In an exclusive interview with Crypto Briefing, Hoskinson detailed Cardano’s plans to host oracles, stablecoins, DEXs, and NFT marketplaces on the upcoming Plutus smart contract platform.

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[Oxumare]

In fact, this sentence is promising,
''plans to host oracle networks, stable coins, DEXs and NFT markets on Plutus, the smart contract platform that will start soon.''
ADA will go in a different direction as the features I wrote above start in ADA Blockchain networks.

[KryptoBull]

The latest Cardano update will be a big boost for ADA to hit a new ATH at 4 USD during this bullrun. The potential of ADA is huge, especially when Cardano officially joins the race with Ethereum & BSC.

[Lukasz]

Seems that Cardano is Rocking and more growth value wise is coming regardless of Bitcoin volatality which could be seen recently when Bitcoin was in a correction and cardano was increasing in value

[mahadev]

I think It is a good news, if cardano will launch smart contract.
I see many investors waited this news.But we all don't know when It will launch.
In my opinion, it will be good alternate smart contract platform as many people said.
Because ERC20 gas fee is so expensive.

[vaysar]

The Cardano team has deployed a testnet for the Alonzo hard fork. Now there will be an opportunity to launch smart contracts on the network, and there will be another platform for DeFi projects.

[Lutera94]

Every cardano lovers waiting for this news. I hope it will come to live soon. If cardano launching smart contract then price will be increasing a lot immediately. After this lots of Project will be come to add Cardano ecosystem. Crazy moment coming, now i am going to buy more cardano to take advantage in this dip situation.

[Maxtel]

For those who like Cardano coins or have invested in these coins, this news is a lot of joy.  If ADA coins are integrated with the BSC and ETH platforms then the popularity of ADA coins will increase further and its price in the market is likely to increase a lot.  ADA Coin is one of my favorite coins. After knowing this news, of course I am thinking of holding some coins.