Tech company that built the Cardano blockchain, Input Output (IOHK) informed followers about the successful release of the Plutus platform’s smart contract capability on testnet. This is an essential part of the Alonzo mainnet upgrade, which will occur on September 12.
Yesterday, we upgraded the #Cardano testnet, successfully deploying #Plutus #smartcontracts capability. The focus now is on final component testing & exchange integrations, ahead of the #Alonzo mainnet upgrade, still on track for deployment on 12 September 💪 #Cardano $ADA pic.twitter.com/lrdiYIiNKD— Input Output (@InputOutputHK) September 2, 2021
Plutus enables smart contract developers to write programs on Cardano.Thus Cardano will support creating various decentralized apps on top of it.
ADA is the 3rd largest crypto asset with over a $96 B market cap. The amount of locked ADA tokens on Cardano's staking contract is around $70 B. That equals 70% of the total token supply. When Alonzo is launched, the staked tokens may go to other projects built on the protocol.
Cardano’s roadmap consists of 5 eras. With the Alonzo launch, the second phase of Cardano’s development, Gougen, focused on smart contract development begins.announced a 5 years development plan. The network plans to expand its partnerships with banks and introduce blockchain libraries.