- Automated market maker Cardaswap will get bridged to the Cardano blockchain after successful completion of the Alonzo hard fork.
- The hard fork combinator event scheduled for September 12 is a major milestone as Cardano ushers in a transformative era of "smart contracts capability."
- ADA has surged 31% in the past two weeks, analysts set the next target at $3.
- 81% of participants on Polymarket bet in favour of Cardano's smart contract launch by October 1, 2021.
As non-fungible token creators consider minting NFTs on Ethereum “unfeasible” due to high transaction costs, Cardano offers a viable and low relative cost alternative on its mainnet.
ADA rally continues as Alonzo Hard Fork event draws close
Input Output Hong Kong (IOHK), the blockchain development company behind Cardano, shared an update on August 26 outlining the final implementation in the launch of Daedalus, the full node wallet for native cryptocurrency ADA.
The development team is counting down to the Alonzo Hard Fork scheduled for September 12. The network is now prepared for a public Alonzo testnet hard fork. IOHK shared details of the upgrade on Twitter.
❗ Today, we have just submitted an upgrade proposal to the #Cardano testnet to hardfork the chain into the #Alonzo era and enable smart contract capability. This will take effect within the next few hours. 1/5@CardanoStiftung @Cardano
— Input Output (@InputOutputHK) August 27, 2021
