Alonzo Mainnet Upgrade Complete

It’s finally over. Cardano has smart contracts capabilities that will further strengthen its ecosystem after years of research and production of a number of peer-reviewed papers about the network’s structure and potential.

Alonzo Mainnet Now Live

Alonzo is now online on the mainnet. Cardano has seen an important hard fork pass, as of now. This means that smart contracts are supported by the network, which allows different teams and projects to build and deploy their protocols on Cardano.

Half-way successful upgrade

Moments ago, we deployed the #Alonzo upgrade at the epoch rollover.

Welcome to the start of a new era for #Cardano $ADA pic.twitter.com/r6QNvTv4pt

— Input Output (@InputOutputHK) September 12, 2021

The network was equipped with functionalities in the Alonzo testnet at the beginning of September.

Plutus is a key point to remember when discussing smart contracts on Cardano. This is the framework that allows for this functionality. The Plutus core defines the parameters for the extended UTXO modeling. It offers distinct advantages over other accounting models, according to the team.

The Plutus App Framework (PAF), which provides access to services and applications that run on the network and should include full interoperability with web browsers, is another example.

But not without Hiccups

There were many hiccups during the rollout. Recently, it was pointed out that Cardano’s smart contracts capabilities have a fundamental concurrency problem.

This means that multiple users cannot interact with the same protocol at once. Charles Hoskinson and Input Output, the team behind Cardano, went into detail to explain how the smart contract model works and why this isn’t an issue.

Input Output also published a blog a few days ago that explained Cardano’s EUTXO approach for smart contract execution. It explains how it provides greater security, no charges for failed transactions, full cost predictability, and more predictable costs.

In any event, today’s hard fork marks a new era in the Cardano Project, and it will be interesting to see how it impacts its ecosystem moving forward.

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