Cardano Launches First Simple Smart Contract on AlonzoBlue Testnet

Cardano (ADA) retained some of its gains from the weeks before the crash. At the time of writing, the fifth-largest cryptocurrency by market cap is trading at $1.50 with moderate losses on the weekly chart. ADA with moderate increases on the daily chart. Source: ADAUSDT Tradingview ADA is moving with the general market sentiment, indecisive and with no clear direction. However, the bullish situation for Cardano is revolting around the deployment of smart contract capabilities, and developer IOG has made significant strides. In early June, this company launched AlonzoBlue, the platform's first Alonzo-era testnet. This phase in the development of Cardano aims to stress test smart contract platforms Plutus. IOG's media department announced: The first simple Plutus smart contract was successfully executed this week on the AlonzoBlue Cardano testnet. Tim Harrison, IOG's Director of Marketing, Nigel Hemsley, Head of Delivery and Dimitris Poulopoulos, Head of Delivery, dived deep into this smart contract. Hemsley said that share pool operators (SPOs) have successfully managed nodes, with these community members an important part of "fixing some issues." IOG's pioneers and partners are also running their own nodes and have started their first exercise. As NewsBTC reported two weeks ago, Alonzo's testnet will have several color-coded phases (blue, white, purple and two smaller phases called red and black) before being implemented. Each will have a specific set of goals and exercises to be completed by the IOG and its participant, from the private to the public phase. AlonzoBlue controls basic network functions, initial deployment of ADA to SPOs with simple Plutus scripts, and more. Poulopoulos added: We can actually talk to the Alonzo knot. A Pioneer can create a very simple smart contract and post it on the ledger. So they can write their first smart contract against our n.

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