The cardano token’s price rose to $ 2 grip on Friday. This is an average of the three-month-old record high. Cardano’s chief executive officer Nigel Hemsley made the announcement in a video. He stated that the Cardano network would be upgraded on September 12, 2021. Cardano’s project will be boosted by the highly anticipated “Alonzo Purple” upgrade. Smart contract solutions that work fully and are advanced will be provided.
Alonzo upgrade to be completed on September 12
Cardano plans on upgrading its network in the near-future. Nigel Hemsley from IOHK has revealed that the upgrade plans will be launched on September 12. In a tweet Input Output (IOHK)It was also explained that the upgrade would take place on the same day as the video. Alonzo Church, a mathematician/computer scientist, gave the name “Alonzo”. Alonzo was gradually improved over time in color-coded stages. The final stage was in purple.
“It’s happening,” IOHK said. “We are targeting September 12, 2021 for the ‘Alonzo’ upgrade, bringing smart contracts to Cardano via a hard fork combinator (HFC) event. Find out more about the journey towards a new age in smart contracts, challenge, and much more for Cardano.ADA). ” Essentially, the Cardano community believes Alonzo will usher in advanced smart contract solutions and decentralized funding (challenge) protocols.
Alonzo will include smart contracts and challenge among its main features. The upgrade will allow for the expansion of concepts such as tokenization or non-fungible ideas. Cardano will be able also to mine ERC20 tokens derived from Ethereum.
Cardano has been in the news for some time, despite receiving advanced smart contracts and other features. Skeptics have even skepticism against Cardano’s support for smart contract by October 1, 2020. Bet on the PolymarketThe odds of the draft being rejected were strong in the past. Now 87% believe Cardano will succeed and 13% say no.
Cardano Spike 45% this Week, 1.365% versus $1 in 12 Months
For the past week, Cardano has been buzzing about rumors of something special on August 13. While cardano (ADA)Over the past seven days, crypto assets have gained more than 45%. They rose more than 16% on Friday. See statistics for the whole month ADAIt has increased 61%, more than at the beginning of the current calendar year. ADAReceived an amazing 1.365%
This article was originally published in English. ADATether is the largest trading pairUSDT) because stablecoin captures 57% of gimbalFriday Bitcoin Trade (BTC) orders approximately 11.4% of ADASwaps: USD (8.48%), BUSD (5.227%), KRW (4.86%), and EUR (3.91%)ETH) owns approximately 3.48% of the swaps traded with ADAAlso available today.
Cardano’s market capitalization is $ 65.7 Billion. This is 3.31% of crypto assets worth $ 1.91 Trillion.
What did Alonzo purple’s announcement Friday bring to your mind? And what was the reaction to the price change? We would love to hear your thoughts about this topic.
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