ADA, Alonzo, And 200 Smart Frozen Contracts
September 28 2021 - 01:20AM
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Amongst the madness in broader crypto, along with Cardano’s
substantial volatility, the Alonzo hard fork update for ADA has
sought to provide a solution to maintaining its powerhouse status,
and continue to dominate the year. This solution, though, has some
twists and turns that leave the bulls hopeful and patient. ADA And
The Push To The Top Cardano has had an amazing run this year with
the new wave of crypto bulls ready to see what ADA will become.
Dubbed the “Ethereum killer,” Cardano and it’s founder Charles
Hoskinson seem confident that his team will and project will
dominate to become the top dog. With Hoskinson’s recent comments
that the DeFi space in Cardano’s ecosystem is currently ‘up for
grabs,’ smart contracts with Cardano have finally arrived. He
also noted that DeFi is now seeing a second wave, and the winners
of this move will feature both interoperability and liquidity, as
well as the ability to move multi-chain, all with an easily
predictable cost. “The way we constructed Cardano was for that
second wave” – Charles Hoskinson The founder of Cardano
has been one of the main individuals in crypto to express the need
for more regulation, governance and much more throughout crypto,
and he also understands decentralization is a major necessity.
These reasons play a part in why Hoskinson and his team worked on
designing Cardano, allowing it to fit and work perfectly with the
second wave of DeFi. With the Alonzo hard fork successfully
launching, it made a new wave and push for anyone to add smart
contracts to the blockchain with ease. How will this impact ADA?
Related Reading | Cardano Trends Down As ADA Is In Deep Danger
ADA: Currently trading at about $2.213 after big jump
to $3.00. Source: ADA-USD on TradingView.com 200 Smart Contracts We
Will Have To Wait To See ADA has about 2,300 smart contracts loaded
up and ready to go, but within that gang of contracts more than 200
of those won’t see the light of day just yet, according to
Cointelegraph. Cardano has some game-changing contracts that remain
time locked and unavailable to the public, and many of these very
notable projects are not yet ready for the world. However, changing
landscapes could come in to play that will change that. One of
frozen few is GREED, a rewards token that is redistributing ADA
back to holders and providing a new way to distribute and stream
both live and recorded music. This list also includes
SingularityNET and Cardax – two notable projects with a lot eyes
waiting to see what’s next as time progress. As things unfold and
more countries address much-needed regulations to crypto currency,
all we can do is sit and see whats next for these projects as we
wait to find out who will join the list or make a debut.
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