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Cardano: Another ‘milestone’ achieved!

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Cardano: IOHK announces another 'milestone' for testnet

Input Output, the blockchain infrastructure research and development team behind Cardano, the fifth-largest cryptocurrency came out with an announcement. According to the latest news, the IOHK team successfully launched the new version of the Cardano node, AlonzoBlue 2.0 to its testnet.

Here’s the tweet for the same.

 

Recently, as covered, IOHK executives disclosed the first-ever Plutus smart contract on its Alonzo testnet.

The recent update signaled the commencement of Cardano’s smart contract era; a milestone for the Alonzo platform and its rollout plan. IOHK further tweeted:

“It is still early code. But this is a crucial building block. This release brings with it the important CLI upgrade. Providing the foundations to build all varieties of smart contract applications further down the line.”

According to the first alpha testnet, Alonzo Blue, it supported a small group of stake pool operators, partners, and Plutus Pioneers. This stage plays a crucial role to lay down an initial foundation before incorporating more number of users as the new testnet functionality and features get integrated. To further highlight its importance, IOHK tweeted:

 

Following the same thread, Alonzo Blue’s SPOs were allowed a day to update their nodes before operating the first test scripts. According to the official tweet,

“AlonzoBlue SPOs now have 24 hours to update their nodes before running their first test scripts tomorrow.”

Roadmap

Post the first phase (the launch of smart contract capabilities), Cardano’s roadmap will turn to Alonzo White and Alonzo Purple. As per the recent news updated by Cardano360 & Cardano’s CEO Charles Hoskinson, ‘It’s a 30-60-90-day plan.’

  • What this actually means is that you start off with Blue. It’s a little smaller, more tight-knit. Start off with the basic functionality, where a few pioneers are brought in along with a few SPOs.
  • Moving on to [Alonzo] White, a wider net is cast and more partners are brought in and more performance benchmarks are analyzed.
  • With Purple, it will be fully public. Every pioneer, most SPOs, if not all SPOs… exchanges…

Cardano (ADA) was trading at the $1.52 price mark, after witnessing a correction of about 1.5% in the past 24 hours.

Source: CoinMarketCap

 

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Shubham is a full-time journalist at AMBCrypto. A Master's graduate in Accounting and Finance, Shubham's writings mainly focus on crypto-regulations across the United States and Europe. Also, a die-hard Chelsea fan #KTBFFH.

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