Cardano, the third cryptocurrency ranked by market cap, has successfully applied the “Alonzo” hard fork, adding smart contract capabilities to its functionality. The update, that had been deployed in testnet days ago, finally was incorporated in mainnet yesterday. Cardano is now looking to deploy defi apps, and there are already several parties working on widening the Cardano ecosystem in that regard.
Cardano Enters Smart Contracts Arena
Cardano, one of the leading cryptocurrency chains by market cap, has successfully applied the “Alonzo” hard fork. With this update, the chain has added support for smart contracts to its blockchain. The update that happened yesterday, after being deployed in testnet, features the inclusion of Plutus, a Solidity-like language that will allow programmers to put scripts on-chain.
With this update, Cardano is now a new challenger in a crowded defi ecosystem, that is dominated by other more established chains in the space, like Ethereum and Solana. However, Cardano has already garnered some support