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In accordance with the announcement made by IOHK, Cardano has officially made an entry into the Alonzo White stage of its smart contracts rollout. As revealed in the announcement, during this phase, Cardano is expected to drastically increase the number of testers and even come up with added functionalities.
Cardano Comes Closer to Smart Contracts With Alonzo White, Says IOHK
It has been previously revealed that Cardano launched Alonzo Blue, the very first testnet, in the month of May to much fanfare.
In addition to this, it has been recently revealed that following the White era, Alonzo will be going completely public during the Purple phase.
Well, talking further about the details regarding the Purple phase, it is going to be the phase when Cardano will be made available to all SPOs, which stands for stake pool operators and pioneers.
Also, you may have questions regarding the name of the hard fork, which is Alonzo, but why it has been named so.
The hard fork Alonzo has got its name from the famous mathematician Alonzo Church and the much-awaited Alonzo hard fork is expected to be launched on the mainnet in the month of September.
Smart Contracts to be Brought to the Proof-of-Stake Blockchain
Talking further about what the Alonzo hard fork will be contributing to Cardano, well, it will be bringing the smart contracts to the PoS or Proof-of-Stake blockchain and will be marking the end of its Goguen era.
After the hard fork is completed, which will be done at the beginning of the month of September, Cardano will have the potential to establish a presence in the space of decentralized finance or Defi and compete with the likes of Solana, Binance Smart Chain, and Ethereum.
In addition to this, the price of Cardano is also expected to rise after the Alonzo hard fork, as a result of which investors are flowing money into the asset heavily.