Logo
Cardano Ecosystem

Bitcoinworld

09/17/2021

·

1.1K views


Cardano has 200 smart contracts, but there’s a catch

Following the Alonzo upgrade on Monday, the Cardano blockchain explorer now has over 200 smart contracts – but there’s a cost. The Two-Hundred Intelligent Contracts The 200 intelligent contracts mentioned […] The post Cardano has 200 smart contracts, but...

Cardano has 200 smart contracts, but there’s a catch

Cardano

Following the Alonzo upgrade on Monday, the Cardano blockchain explorer now has over 200 smart contracts – but there’s a cost.

The Two-Hundred Intelligent Contracts

The 200 intelligent contracts mentioned are now in a timelock, and developers cannot utilize them until release.

Advertisement

The number of intelligent contracts ready to be deployed, according to the Vercel App, is presently above 2,200.

Since Cardano’s debut in 2017, smart contracts have been a much-anticipated feature. Moreover, the functionality was finally enabled with the recent Alonzo hard fork.

Cardano Supports Smart Contracts

On Friday, Cardano and IOHK creator Charles Hoskinson remarked that now that Cardano supports smart contracts. Adding to the fact that the decentralized finance (DeFi) market is “up for grabs.”

Liquidity and interoperability, the flexibility to move multi-chain, and cost predictability, according to Hoskinson, will be the winners of the “second wave” of DeFi. “We need governance, we need certification, we need insurance, we need regulation on these things, metadata identity… at the same time, you need to decentralize,” he added:

“We need governance, we need certification, we need insurance, we need regulation on these things, metadata identity… at the same time, you need to decentralize,” he futher added.

“The way we constructed Cardano was for that second wave.”

Winners of The Second Wave

The winners of the “second wave” of DeFi, according to Hoskinson, will be liquidity and interoperability, the freedom to move multi-chain, and cost predictability. “We need governance, certification, insurance, regulation on these things, metadata identity… and you will need to decentralize at the same time,” he continued.

GREED, a reward token is dispersing Cardano’s ADA back to holders; Liqwid, an open-source and non-custodial liquidity protocol for interest rate curves; SingularityNET, a platform that enables anybody to build, share, and monetize artificial intelligence services at scale; and Cardax, the Cardano-based exchange.

AD

Delegate Your Voting Power to FEED DRep in Cardano Governance.

DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!


Read Original Article on Bitcoinworld

ORIGINAL SOURCE

https://bitcoinworld.co.in/cardano-has-2...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from Bitcoinworld

See more
Analyst Says Short Cardano, Litecoin And Shiba Inu, Long Bitcoin, Ethereum And ETFSwap
Bitcoinworld
Analyst Says Short Cardano, Litecoin And Shiba Inu, Long Bitcoin, Ethereum And ETFSwap

07/04/2024

·

448 views

Related News

See more

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)