Cardano’s Alonzo Hard Fork: Everything You Need to Know
ADA is making big moves
Years in the making is finally only one month away.
Smart contracts on Cardano (ADA).
September 12. Ingrain that date in your head. Tell your mom. Get a tattoo. Message all of your friends. This is big.
The price of Cardano has been skyrocketing over the past few weeks in anticipation of the update, otherwise known as the Alonzo hard fork.
Let’s talk about who and what Alonzo is exactly and what it means not only for Cardano but for the blockchain ecosystem at large.
What Is the Alonzo Hard Fork?
I’ve long claimed Cardano is a Lamborghini without any gas in it. Pretty to look at but pointless.
This is because Cardano has gradually upgraded its network, but hasn’t offered its users anything in return. Excuse me while I change the metaphor: Cardano is actually a super Lamborghini without any gas in it.
In 2020 Cardono upgraded to proof of stake during the Shelley era and soon enough became the most used POS network in existence.
In March 2021 we received the Mary hard fork, which delivered multi-asset and native token support, priming the network for NFTs.
