Cardano addresses the launch of smart contracts through a new test network
An Alonzo White test network brought NFT and several DeFi use cases to Cardano.
Cardano's back blockchain development team, IOHK, announced on July 15 that the project's Alonzo testnet has officially changed status, bringing a long-awaited expansion of the ecosystem to adaptive smart contracts.
Although the previous testnet called Alonzo Blue provided some smart contract functions, it was only open to a limited number of insiders. Yesterday's update will allow approximately 500 validators, stock pool operators and developers to test these features in the future.
Alonzo White plans to run for two to four weeks and then upgrade to the final testnet in its current development stage, ie Alonzo Purple.
Despite recent reactions from others in the blockchain community, Cardano founder Charles Hoskinson recently in a YouTube video that everything is still in progress according to the project's development roadmap and pointed out that the Cardano NFT sold on the Nuo network exceeds 10 million in US dollars. "Hundreds of Asset Bonds." Once Alonzo White is released on the main network, developers will be able to launch dApps, NFTs, etc.
Following Alonzo White's announcement, an NFT and DeFi marketplace called Spores Network announced a $2.3 million fundraising event on July 16th. The company said it hopes to take advantage of Cardano's lower transaction costs, lower carbon footprint and higher transaction throughput to bring NFT to mainstream users.
As more and more companies and artists join the growing NFT market, such as Dolce & Gabbana and a fantasy football platform, an introduction of more NFTs on the web can bring enormous benefits to Cardano and its users.