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Cardano begins smart contracts after successful hard work

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Cardano recently tweeted that the update had been successfully done at epoch 290

Recently Cardano tweeted that the upgrade had been successfully at epoch 290, eased the development and execution of smart contracts on the public blockchain for the first time. even with new discovery, Cardano states that it is still “early days for the project,” stating that it is now “the mission truly begins”. Cardano recently declared that the Alonzo hard fork was completed stating it long-awaited smart contract functionality. 

“This is where the mission truly begins as we the whole community-start delivering on the vision we have all been working towards for so long. Building a decentralized system that extends economic identity and opportunity to everyone, everywhere.” The Alonzo fork enables smart contracts to be corresponded using Plutus scripts, which the team describes as “a purpose-built smart contract development language and execution platform using the functional programming language Haskell.” 

Nevertheless, the team has inspired for Alonzo, “there are high expectations resting on this upgrade. Some unreasonable so. Cardano watchers may be expecting a sophisticated ecosystem of consumer-ready DAapps available immediately after the upgrade. Expectations need to be managed here.” Cardano is a public blockchain which was founded by Ethereum co-founder Charles Hoskinson and created by his research firm IOHK. Dominic Williams, founder of rival platform internet computer accused Cardano for the amount of time taken for the protocol to start smart contracts. “It amazes me that this chain had been in market for 2 years, and is only just adding support for smart contracts and people are happy with this progress.” 

Ethereum maximalist, Anthony Sassano tweeted that “Seriously 6 years of “peer-reviewed” research and $90bil+market cap later and the first dapp on Cardano can’t even do concurrent transaction processing (aka the very thing you need for DeFi).” Cardano has mentioned the criticism stating that DApps built on the protocol “are not limited to one transaction per block.” 

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