Anticipating Launch Of Cardano (ADA) Smart Contract & Specialties!

Anticipating Launch Of Cardano (ADA) Smart Contract & Specialties!

The next few hours may be considered one of the most important times in the history of the world’s third largest cryptocurrency, the Cardano (ADA). The news has been on rounds for a long time until a few days back being announced officially. 

In spite of this, the whole cryptocurrency and blockchain industry are all set for the countdown launch. The whole cryptocurrency industry speculates that this is the most biggest step for Cardano in its history so far. 

The Smart Contract Hard-Fork

In a few hours, it will be a moment in the history of Cardano (ADA). The epic launch of the platform’s hard fork smart contract launch will be out on September 12, owing extreme expectations among the industry. The hard fork will feature the new smart contract which will enable the support to almost all the entities of blockchain like Decentralized Finance (DeFi), non-fungible tokens (NFT), and also Decentralized Applications (DApps).

Besides, Ethereum (ETH) being the number one in terms of blockchain and its applications, the platform so far values to about $400 billion. However, many are now at the tails of the ETH blockchain profusely. In addition, at times there are high chances for those blockchain platforms to overcome ETH. Namely, these are Cardano (ADA), Solana (SOL), Polkadot (DOT), Avalanche (AVAX), and much more.

In spite of having lower transaction fees and higher transaction speeds, the Cardano (ADA) seems to be the biggest competitor to the ETH platform. Also, the upcoming hard fork with ‘Alonzo’ upgrade will entrust Cardano’s blockchain to heights it has never reached before. 

On the contrary, all this makes everyone speculate that ADA will pass by ETH soon , to the least by this year’s end.

The Goguen Phase of Alonzo

In spite of being the roadmap for Cardano, the Alonzo is said to be made of five different unique phases. These phases are said to determine the evolution groth pathway for the Cardano (ADA). These five phases are Byron, Shelley, Goguen, Basho, and Voltaire.

Among these five, now the ADA platform is said to be in the Goguen phase. Yet, according to the developers, the Shelly phase is still on work and once the Goguen phase works are complete, the platform will enable services for smart contracts profusely. 

Despite all such surprises all packed in a bundle, the past few days the price of ADA has dropped to about 16% down. However, just a few hours back from the time of writing, ADA has shot up to $2.72, with a spike of 14.41% on rise. 

Therefore, all this shows that the price of ADA will be on the rise till the launch in a few hours!

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A Project Engineer by profession, a writer by passion. Especially into the critics and skeptics on cryptocurrency. His fascination towards the crypto world and his personal experience on it has made him a writer with a taste.