Cardano Deploys First Simple Smart Contract On AlonzoBlue Testnet

11
Jun

Cardano Deploys First Simple Smart Contract On AlonzoBlue Testnet

According to the latest mid-June development update by IOHK’s marketing director Tim Harrison, head of delivery Nigel Hemsley, and delivery lead Dimitris Poulopoulos, the first smart contracts of Cardano’s testnet Alonzo are up and running.

“The first simple Plutus smart contract has this week been successfully run on the AlonzoBlue Cardano testnet” – learn more in June’s mid-month development update https://t.co/3WEQi9hqCX

— IOHK Media (@IOHKMedia) June 11, 2021

Smart contracts are written in Plutus, a Cardano-specific programming language. Now, the testing of the contracts will undergo AlonzoBlue phase, the first stage of Alonzo testnet.

AlonzoBlue transactions are validated by a limited squad of staking pool operators and early Cardano (ADA) enthusiasts (‘pioneers’).

Experiments are supported by a number of external teams. For the next phase of testing, AlonzoWhite is expected to start in July with 500 testers on board.

First use-cases of Cardano’s (ADA) smart contracts

Developers also unveiled what the first use-cases Cardano (ADA) smart contracts are tailored for. Even in its nascent stage, Cardano’s (ADA) programmatic environment addresses a variety of decentralized finances segments.

Namely, they work with decentralized data oracles, decentralized digital assets exchanges (DEXs), liquidity and staking pools, lending/borrowing tools, and crypto-backed stablecoins.

Moreover, Cardano (ADA) contracts are able to host non-fungible tokens (NFTs).

Source: https://cardanofeed.com

Leave a Reply

You are donating to : Stake for Nature

How much would you like to donate?
ADA ADA ADA
Would you like to make regular donations? I would like to make donation(s)
How many times would you like this to recur? (including this payment) *
Name *
Last Name *
Email *
Phone
Address
Additional Note
Loading...
EnglishJapaneseSpanish
ST4NA