On Wednesday (July 7), Charles Hoskinson, Co-Founder and CEO of IOHK (the blockchain company developing the software that runs the Cardano network), gave an update on the current status of Cardano in general and the Alonzo upgrade in particular.

Here are the main highlights of what Hoskinson said about Cardano in a video released on his YouTube channel yesterday:

  • Last month, Cardano entered “Alonzo Blue” era; we are about to enter the “Alonzo White” era (was originally supposed to happen on July 5; now it looks like it will be July 12).
  • Several hundred people are set to be onboarded to the Alonzo White network (which will run for 2-4 weeks).
  • The wallet backend is due to be fully integrated at the end of this month.
  • There are hundreds of potentially good DeFi apps that have been funded by Project Catalyst.
  • Over 1,500 developers are being trained via the Plutus Pioneer Program.
  • Cardano is ~the #1 staked network.”
  • Cardano is “#1 for commits” (i.e. the amount of developer activity as measure by code change submissions on GitHub).
  • The Cardano Summit 2021 has been announced; it is taking place in September 2021. The physical location for this hybrid event will be the University of Wyoming (which is in Laramie, Wyoming).
  • People who are still criticizing Cardano are “misinformed or malacious.”
  • Since the launch of the Mary hard fork (on March 1), “thousands” of non-fungible tokens (NFTs) on Cardano have been sold.
  • There should be a research paper (by IOHK) about Cardano-powered algorithmic stablecoins coming out on July 14.


The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.