With the launch of Testnet Alonzo, Avenir Cardano has begun an upgrade

The ecosystems of decentralised finance will soon be rife with competition. Cardano is preparing to deploy smart contracts for a solid reason: to make transactions lightning quick and lower transaction costs. After then, the procedure will be carried out in three steps. Without further ado, Alonzo, the first stop has gone live, much to the pleasure of cryptocurrency investors.

Cardano, which first appeared on the financial market in 2015, continues to amaze its many test network users. Anything that implies that this platform is constantly evolving. Cardano has received a major boost with the launch of Testnet Alonzo.

IOHK (Input-Output Hong Kong), the firm behind the Cardano network, revealed its Alonzo testnet via a tweet. We were then on May 27, 2021, which will continue to be the start date for the trial phase of this platform's update.

Indeed, the Alonzo upgrade will add smart contract functionality to the Cardano network. It will also include a large number of DeFi (decentralised finance) applications.

Indeed, Alonzo resembles the first phase of the Cardano blockchain's smart contract development project. Returning to this massive endeavour this week, IOHK's CEO and Cardano's founder outlined the timeframes for this upgrade.

“The most crucial engineering road, integration path, coordination path, and community path are for the next 90 days,” Charles Hoskinson remarked. This is a great chance to titillate Ethereum, which has been plagued by delayed services.

Alonzo will be deployed in three stages during the next 90 days, according to an announcement on IOHK's Twitter page. To put it another way, the Cardano blockchain smart contract will go live in August 2021. It will be divided into three phases, each of which will be symbolised by a different colour: blue, white, or purple. And as each phase progresses, more features will emerge in order to attract additional Bitcoin users.

"Goguen" will be the name of the final phase of the network update, and she will be the one to supply smart contracts to the Cardano platform. Following that, the designers intend to make two more stops to complete the procedure. This is unmistakably the “Basho” and “Voltaire” phases.

In fact, Cardano's deployment strategy is disjointed, and we're back to where we were in the first part, Alonzo Blue. Alonzo will use Plutus scripts to trigger smart contracts throughout this phase. Which will very probably result in DeFi Dapps. In a few months, the Cardano development team will welcome additional users after merging the features of the Testnet Alonzo.

To be honest, Cardano is one of the cryptocurrency projects gaining new investors in 2021. According to several financial analysts, this DeFi platform will definitely become popular in the crypto realm. In any event, the Cardano network should be able to overcome the industry's flaws.

After the success of this Cardano blockchain development roadmap, the price of ADA will most likely rise in the future.

Smart contracts are essential components for Cardano developers to ensure that the platform runs smoothly. As a result, the Cardano network may pose a severe threat to Ethereum. The latter is still considered the DeFi industry's pioneer. This raises the conundrum of whether ADA can outperform ETHER.

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