More than 100 smart contracts in 24 hours on the Cardano blockchain!
Many were waiting for it, it has arrived! The Alonzo update has been deployed. This hard fork is very important because it allows the Cardano blockchain to manage smart contracts. As a reminder, the Cardano network is a competitor of Ethereum. Indeed, like its elder brother, it is a blockchain dedicated to decentralized applications. However, a decentralized application only works with the help of "smart contracts". In other words, it is a "smart contract" that can be applied automatically without the intervention of a third party. With the Alonzo update, Cardano can now manage smart contracts. This allows it to compete directly with Ethereum. In 24 hours, the platform has seen more than a hundred smart contracts running. Moreover, its very first decentralized application has just been deployed. And that's just the beginning when you consider the immense need for decentralized applications, especially in finance (DeFi).