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On testnet Cardano launched the first Smart Contract.

Posted by luba66 Lyubov Sultanova on June 13, 2021 - 6:00pm


Smart contracts can now be launched on the Cardano blockchain in the Alonzo version.  The development team reported this in a regular YouTube video review.
 

 


 Input Output Hong Kong (IOHK), behind the Cardano Project (ADA), regularly publishes such reviews.  Tim Harrison, Director of Marketing and Communications at IOHK, spoke with Dimitris Poulopoulos.  Poulopoulos, who is responsible for deploying the update, said that the developers are already "reaching out to the Alonzo node."  The message that the first smart contract has been successfully launched on the Alonzo network also appeared on the official twitter of the IOHK team.

 “You can create a primitive smart contract and transfer it to the registry.  The first smart contract written on our network, ”he explained and added:

 “Something as simple as an operation that returns“ Hello, world ”or a confirmation of a completed payment.  […] In general, our Alonzo is now working with smart contracts. "

 The video further states that the team passed this milestone in the middle of the Alonzo Blue phase.  This is the first phase of the deployment of the Alonzo version, initiated on May 27th.  After the launch of the test network, ADA has risen in price by 30%.

 Nigel Hemsley, head of development, explained that as soon as there is a two-way communication between the registry and external applications, you can move on to the next stage.

 The developers expect to launch it in July.  However, for this, the project needs partners and the first testers who can write the simplest scripts like "Hello, world" and run them on the blockchain.  Several teams are already doing this, including Altlabs, Eleks, Mlabs, Obsidian.

 “As soon as they confirm that they can send, confirm and execute their applications on the blockchain, then we are ready to move to White,” the video says.

 ADA wins back losses

 The ADA rate tested the intraday low at $ 1.36, but managed to recover almost all losses incurred during the day.  At the time of writing, the token is trading at $ 1.46.  The trading volume per day increased by 33% to almost $ 3 billion. Over the week, the coin fell by 13% against the backdrop of a large-scale correction in the cryptocurrency market.


 While the Alonzo developers are on their roadmap, Ethereum (ETH) is heading towards the stars in the literal sense.  US aerospace company SpaceChain, a member of the Enterprise Ethereum Alliance, has delivered an Ethereum node to the International Space Station (ISS).

 The company said this is the fourth blockchain-related cargo.  However, ETH went to the ISS for the first time

 In a press release published on June 4, it is explained that smart contracts have become more efficient due to the security and remoteness of space infrastructure.  Ethereum, in turn, gained independence "from centralized ground servers."

Author Tatiana Chepkova.

Sincerely, Lyubov Sultanova.

Corneliu Boghian Thank you For sharing this
June 25, 2021 at 7:47pm
Svetlana N Thank you, Lyuba, for sharing
June 14, 2021 at 6:57am