Everything is ‘Green and Go,' as the saying goes. Hoskinson comments on Alonzo's upgrade.

IN SUMMARY


  • “Everything is green and go, and we're on schedule,” Cardano founder Charles Hoskinson said of the upgrade.
  • The Alonzo testnet will roll over on September 1, according to Hoskinson.
  • Cardano's parent firm, IOHK, announced the creation of an ERC-20 converter that will allow Ethereum assets to be transferred to Cardano's testnet and vice versa.

In a recent vlog post, Cardano Founder Charles Hoskinson said of the Alonzo upgrade, “Everything is green and go, we're on schedule.”

Hoskinson stated in the post that his team has just completed a “go/no-go” discussion on the entire infrastructure of the Alonzo upgrade. According to Hoskinson, a “huge checklist of things” was completed by 25 stakeholders, and everything “kept coming up green.” Following the confirmations, Hoskinson stated that the team is now prepared to trim the mainnet candidate and begin the slow upgrading process.

“On the Testnet, we're going to begin an HFC (hard fork combinator) event,” Hoskinson added. “We'll be at the Alonzo stage with Testnet.” He went on to say that it wouldn't be a specialized testnet like Purple, but rather the main testnet for exchanges.

Dates to expect

Hoskinson then provided a timeline for Cardano users to expect the consecutive rollouts. The Alonzo testnet will roll over on September 1, according to Hoskinson. The Cardano founder, on the other hand, agreed that the team still needed to work out some problems.

He stated that his team would work over the weekend to repair any errors and ensure that everything was up to date with the current version of DB sync.

Once the rollover on the Alonzo testnet is completed, it will stay there until the proposal is completed on September 9. If all goes as planned, Hoskinson expects the rollover to take place on September 12. If the team had reached a 'no-go' conclusion at their meeting, the roll-over would have been put back five days to September 17.

On the testnet, there's an ERC-20 converter.

Cardano's parent firm, IOHK, stated last week that it would deploy an ERC-20 converter to allow Ethereum assets to be transferred to Cardano's testnet and vice versa. The converter is just a link between the Ethereum and Cardano networks, allowing for easy movement of Ethereum-based assets. The testnet will host the launch, which has been scheduled for later this week.

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