In a recent interview of Lex Fridman with Charles Hoskinson, the founder of Cardano, co-founder of Ethereum, a mathematician, and a farmer, Charles Hoskinson reveals his plan for Cardano in the next 90 days.
According to Charles, Cardano is heading full steam ahead towards the much-anticipated Alonzo upgrade:
“Bringing smart contracts to Cardano took us a long time to get here and we’ll be there in the next 90 days”, the founder confirms.
“This is probably going to be the busiest 90 days in my company’s history and in the ecosystem’s history”.
The ‘Alonzo’ hard fork will bring exciting and highly-anticipated new capabilities to Cardano through the integration of Plutus scripts onto the blockchain. These will allow for the implementation of smart contracts in Cardano, enabling the deployment of a wide range of new DeFi applications for the first time.
As Charles explains, Alonzo’s rollout will take 90 days and involve three phases — blue, white and purple — on its path to mainnet deployment. Each phase will expand to include more users and additional functionality and features.
Alonzo is the next step in a series of upgrades to Cardano blockchain that will bring new features like smart contracts and the ability for a decentralized finance ecosystem.
“Alonzo marks the last phase in the network’s “Goguen” era, which brings smart contracts to Cardano. Basically, Cardano’s development has been organized into five eras, dubbed Byron, Shelley, Goguen, Basho and Voltaire, each named after famous poets or computer scientist”.
While the eras of Cardano will be delivered sequentially, the work for each era happens in parallel, with research, prototyping, and development often in progress all at once across the different development streams.
As of now, Charles confirms that the testnets have been successfully rolled out so far.
“The Cardano testnet offers full Shelley functionality, including stake pools, stake delegation, and decentralization. It also integrates early Goguen functionality (e.g. transaction metadata) to enable a new era of utility, Dapps and smart contracts on Cardano. The testnet is open to any stake pool operator, developer or commercial partner who wishes to join us building the future”.
Read more:
- Bitcoin Price Good News: This Is The Time To Buy BTC, According To Crypto Strategist Lark Davis
- Bitcoin Bulls Increase Confidence And Micro-Cap Altcoins Has Upside Potential, Says Analyst Aaron Arnold