IOHK, the organization responsible for the development of the Cardano blockchain, announced the application to the main network of the Alonzo hard fork, named after the American mathematician Alonzo Church. As part of the update, the Plutus platform was introduced to support smart contracts, which makes Cardano one of the competitors of Ethereum, opening up the long-awaited possibilities of using the network for decentralized applications, exchanges, NFTs. And various computing platforms.
Preparations for the Alonzo update began back in 2020, with a robust and scalable codebase laid in March with the Byron update, and the transition from a federated to a decentralized model with the Shelley update in July, according to Tim Harrison, Director of Marketing and Communications at IOHK. Harrison urges vigilance, difficult road ahead “There will be obstacles on the road. Early experience may not be ideal. Early DApps may have problems. We will see both good development teams and bad ones. This is a free, decentralized blockchain, so this is inevitable. And some DApps may even be unsafe.
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