The Cardano developers have presented the second version of the Alonzo Blue node.  According to a Twitter announcement (NYSE: TWTR), Alonzi Blue 2.0 includes an important command line update.  Blockchain developers will now be able to deploy various smart contracts, according to research company Input Output.

 “This is still an early code, but an important building block,” the company said.

 Against the background of the announcement of the new version, the price of the native cardano token (ADA) increased by almost 5% to $ 1.59.  The market capitalization of the ecosystem jumped to $ 50.9 billion.

 However, the weighted average sentiment on Cardano on Twitter has remained negative since May 20.  For the most part, this may be due to the sharp correction that brought the ADA price down from $ 2.28 to $ 1.29.

 It should be noted that the first smart contract has already been launched on the Cardano network.  However, while he can perform basic operations such as displaying the phrase "Hello, world", or confirming the payment.

 Recall that the full launch of Alonzo will take place in several stages.  Each stage is color coded: Alonzo Blue, Alonzo White and Alonzo Purple.  In fact, Alonzo is a hard fork of the Cardano network that supports new functionality in the form of smart contracts.  Smart contracts themselves are supported through the integration of the Plutus platform.

 Despite the fact that Cardano as a whole follows the development of Ethereum, the founder of the network considers the Ethereum path to be a dead end.  According to Charles Hoskinson, there is nothing of value in the current Ethereum model for the long term.  At the same time, he noted that he does not see much sense in creating smart contracts to transfer liquidity from Ethereum to Cardano.

 Source: BeInCrypto

Sincerely, Lyubov Sultanova.