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Hong Kong Entry-Exit (IOHK), a blockchain infrastructure research and engineering company behind the development of Cardano proof of stake (THERE ARE) is on track to complete its smart contract mission, as the announcement of the hard fork date, which will mark the end of the new era, pushed the token price to its all-time high of $ 2.54 .
The third most valuable crypto by market cap
The most determining factor of Cardano (THERE ARE) recent performance was the announcement of the target date for the Alonzo upgrade deployment.
As announced, the blockchain will struggle to bring smart contracts to the network on September 12.
After weeks of coding, testing and third party integration, starting with exchanges and wallet providers, IOHK is going to hard fork both testnet and mainnet.
#Cardano #smart contracts Arrive …
We are on track to meet the HF dates planned for testnet and mainnet #Alonzo upgrade, as Nigel pointed out in last week’s update👇
A new era opens on Sunday September 12, 2021 🌅 $ ADA pic.twitter.com/HrdrqYizhP
– Input Output (@InputOutputHK) August 17, 2021
Cardano has grown by over 27% in the past seven days, becoming the third most valuable crypto in the world in terms of total market capitalization, after the largest, Bitcoin (BTC) and Ethereum (ETH).
With a current market cap of $ 81.3 billion, Cardano is ahead of Binance’s native token, Binance Coin (BNB), which was pushed back to the fourth palace on the map.
There we have it; Cardano $ ADA, the 3rd largest crypto by market cap exceeds all Fibonacci levels and sets a new all-time high. But I thought we were in a bear market? ?? pic.twitter.com/sbAbPl3ZtG
– CustomCrypto (@crypto_custom) August 20, 2021
it happens
Alonzo Purple’s deployment phase began two weeks ago and is the culmination of months of work on the most crucial upgrade that will usher smart contract functionality to the network, ushering in the new era. Goguen, like roadmap by the developers.
Most recently, IOHK introduced Cardano Stack Exchange, a new question-and-answer resource to help developers build on the network, where the community answers technical questions.
#Cardano the community never ceases to amaze!
Yesterday we introduced you #Cardano Stack Exchange – a new Q&A resource to help developers #BuildingOnCardano.
A technical question? Sign up in less than a minute, ask and the community will get back to you! https://t.co/UsI2iCxK7M
– Input Output (@InputOutputHK) August 20, 2021
As the developer team braces for the “huge wave of smart contracts” that will soon hit the network, Cardano creator Charles Hoskinson, who continues with regular updates on the progress of the deployment, has warned against snowballing frauds in a live stream, since millions of dollars in the Cardano ecosystem alone are lost every month in scams.
Gift scams https://t.co/9hZvHqFqzD
– Charles Hoskinson (@IOHK_Charles) August 18, 2021
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