• Home
  • Bitcoin
  • Ethereum
  • Press Releases
Facebook Telegram
Facebook
Baffic
Submit Press Release
  • News
  • Press Release
  • Facebook
  • Google News
Baffic
Cardano to launch smart contracts with new testnet
News

Cardano to launch smart contracts with new testnet

By Andy JoshJuly 16, 2021
Share
Facebook Twitter LinkedIn Telegram WhatsApp

The Alonzo White testnet brings NFTs and various De-Fi use cases one step closer for Cardano.

IOHK, the blockchain development team behind Cardano, announced on July 15 that the project’s Alonzo test net had officially transitioned from Blue to White, bringing with it the ecosystem’s long anticipated expansion to functional smart contracts.

While the previous testnet, known as Alonzo Blue, did offer some smart contract features, these were only available to a limited number of insiders. Yesterday’s upgrade will allow about 500 validators, stake pool operators, and developers to test these features going forward.

Alonzo White is set to run for two to four weeks before upgrading to the final testnet for its current development phase, known as Alonzo Purple.

Despite some recent backlash from others in the blockchain community, Cardano founder Charles Hoskinson recently said in a YouTube video that everything is still on track according to the project’s development roadmap, noting that more than $10 million in NFTs have been sold throughout the Cardano network along with “tens of thousands of assets”. Once Alonzo White is released to the mainnet, developers will be able to launch dApps, NFTs and more.

On the heels of the Alonzo White announcement, an NFT and DeFi Marketplace called the Spores Network announced a successful $2.3 million fundraise on July 16. The company stated that it hopes to leverage Cardano’s lower transaction costs, lower carbon footprints, and higher transaction throughput to bring NFTs to mainstream users.

With more companies and artists joining the growing NFT market, such as Dolce and Gabbana and a fantasy soccer platform, bringing more NFTs to the network could lead to big gains for Cardano and its users.

Cardano
Share. Facebook Twitter LinkedIn Telegram WhatsApp

Related Posts

FTX US ex-president reportedly seeks $6M funding to launch Crypto startup

December 3, 2022

Italy to force 26% capital additions charge on Crypto benefits

December 2, 2022

Senate Banking Committee chair calls for coordination with Treasury on Crypto

December 1, 2022

Brazil passes law to legalize Crypto as a payment method

November 30, 2022

LBRY alleges Apple forced it to censor certain terms during COVID-19

November 29, 2022

SEC chair’s Crypto oversight strategy in question as ecosystems collapse

November 26, 2022

Comments are closed.

Advertisement
Latest Press Releases

Cozy Web3 Movement: Cozies announces minting of Cozies NFTs for October 10th

October 6, 2022

Blockchain Twitter App Launches to Bring Decentralized Social to the Masses

October 5, 2022

Talent Protocol supports the next generation of builders through the acquisition of Agora Labs

October 5, 2022

Type above and press Enter to search. Press Esc to cancel.