Cardano Ready To Take Over From Ethereum

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Published Jul 9, 2021

Cardano Ready To Take Over From Ethereum - Charles Hoskinson

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Brief Update on Alonzo by Charles Hoskinson

Charles Hoskinson sheds light on the progress made so far on Alonzo. He reveals the progress made in the Cardano project. Here are the brief updates:

Since June, regarded as the Alonzo Blue Era, the Alonzo team has been working together with partners and has learned a lot about the project. The era of Alonzo White is near. Originally, it was stated for this week, but the node for 1.2.8, which contains some validation fixes discovered through testing, will be out by Monday.

Several 100 people will be brought to the Alonzo White network, which requires a wristband. There will be a whole lot of exercises that will be run through the network. The Alonzo White will be run for two or four weeks before the team moves to the next phase.

The wallet backend is expected for full integration at the end of July. The first stage of the Plutus application backend integration is slated with the node for the end of July at the current velocity. Then, there's an integration needed to be done typically every two weeks. So, this will probably occur on August 9. After that, there will be some announcements in statements the management made at the Cardano 360 episode at the end of the month.

The Alonzo team has discovered standard bugs and integration issues expected along the way.

The development ecosystem is quite large and bizarre. There are tens of thousands of assets of over $10 million worth of NFTs that have been sold. There are hundreds of good candidates on Cardano and over 1,500 developers trained through the Plutus Pioneer Program.

There is an enormous amount of commercial interest in Cardano, so the ecosystem is healthy and viable. Since last year, the Cardano population has tripled and has had a lot of value accumulation. Cardano is the number one stake network in the entire space and has a humongous population in every social channel. So, the network has witnessed enormous growth.

The project's physical location will be the University of Wyoming. Cardano remains one of the fastest-growing, most stable, most mature, and systematic crypto projects.

Several apps will emerge from the network. Plans are also on the way for native tokens

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Cardano Ready To Take Over From Ethereum - Charles Hoskinson

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