Hoskinson described this as a major update that’s part of the network’s progress to roll out smart contracts and compete with networks such as Ethereum and the Binance Smart Chain. He added the team will keep optimizing the application to improve Plutus smart contracts’ compatibility with web browsers.
The team behind the project is also looking to implement the Mithril protocol, which is critical to launching lightweight clients of Cardano. These lightweight clients will allow users to verify transactions on a device without downloading the entire blockchain.
As reported one of the companies behind the Cardano blockchain, Input Output Hong Kong (IOHK), has announced the launch of Alonzo Blue 2.0’s testnet for the cryptocurrency’s blockchain last month.
Alonzo Blue is part of a series of upgrades that will bring smart contracts to the Cardano network and allow developers to create decentralized applications on it, bringing the decentralized finance ecosystem to ADA.
The Alonzo hard fork is part of the network’s “Goguen” era, named after Joseph Goguen, an American professor of computer science from the University of California and the University of Oxford. The Goguen era comes after the Shelley phase, in which Cardano became a decentralized blockchain and community members became validators.
Alonzo will roll out in three phases: blue, white, and purple. Each opens up more to the public until the upgrade’s full integration is complete, with the process taking 90 days. It’s expected to be completed by the end of August. It will include a converter to allow ERC20 tokens from the Ethereum blockchain to run on Cardano.
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