Cardano's Road to Smart Contracts: "It's a Go"

The team is now working on incorporating Cardano's smart contracts capability. Cardano had delivered the majority of the required improvements in a timely manner. The crew had moved on to the next phase of the project following the successful launch of the Alonzo White Hard Fork. The public Alonzo Purple testnet was announced in early August. Cardano's developer, IOHK, has revealed that the network had started onboarding users in order to test this. Using network testers that have been proven and trusted in prior iterations

This boosted the market's confidence ahead of the September debut. The price of its native token, ADA, has risen to new all-time highs as a result of this. ADA broke over $2.5 in less than a month, reaching a new all-time high and putting it ahead of other major cryptocurrencies such as Bitcoin and Ethereum.

Take-off is imminent.

Cardano creator Charles Hoskinson released a video to reassure users that the project was on schedule. Despite the fact that there is still much work to be done, Hoskinson affirmed that the release date has not been pushed back. “There are a few of minor bugs here and there.” The founder stated, "A few small quality things." “Those things will be cleaned up by us.”

IOHK, the Cardano testnet's creator, had previously announced on Twitter that they have submitted an update request. This will “hard fork the chain into the Alonzo era and enable smart contract capability,” according to the developers.

The project held a meeting with Cardano stakeholders, which drew over 25 people, to evaluate whether the choice would be a "go or no go" situation. Hoskinson was ecstatic to report that the outcome was positive at the end of the process. The final launch date has been set for September 12th.

Cardano (ADA) Is Getting Ready To Fly To The Moon

ADA's price swings have not slowed, despite the asset's recent increase. The Cardano Alonzo Purple Hard Fork's release has everyone on the edge of their seats. As a result, there has been an increase in interest in the asset. This has had some interesting consequences for the digital asset's value. The first step for ADA was to surpass the previous all-time high. The coin now appears to be on the verge of retesting a key resistance level; $3. ADA's price had nearly shattered this in the run-up. The penny, on the other hand, was quickly pushed down. Seeing ADA hit $2.95 for the first time.

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