By Solomon Odunayo
Charles Hoskinson, the CEO of IOG, who created Cardano (ADA), has boldly stated that the blockchain project will attain the much-anticipated level in the next 90 days, which can simply be termed as when smart contract functionality should be expected on the Cardano network.
Hoskinson made this promise on Lex Fridman Podcast recorded a few days ago and published on 16th June 2021.
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Charles Hoskinson categorically promised that “We’ll be there in the next 90 days.”
This is about Alonzo hard fork in timeline terms rather than in deadline terms, which is still better than it was in the past. This implies that smart contracts should be expected on the Cardano network by September.
During the interview with Lex Fridman, Hoskinson stated that Alonzo hard fork will add programmability that is currently lacking on-chain:
“Right now, we are multi-asset so, you can do meta-data and issue tokens on Cardano. But, you’d have limited programmability on-chain. Alonzo adds that programmability. We already have most of the foundations of the extended UTXO model ready.”
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According to the mathematician, while the testing phase is still ongoing and will continue for the next couple of days as the Cardano ecosystem transition from AlonzoBlue to AlonzoWhite to AlonzoPurple, the success recorded in the AlonzoBlue is an indication that the much-awaited hard fork is still in line with the roadmap.
Speaking about the likely problem the project is currently dealing with, he said the problem could not be everything under himself and his company’s control, since there are over 100 exchanges that have listed Cardano (ADA), including lots of wallet infrastructures, and different constituencies. So, he pointed out that it’s more of a coordination problem rather than a technological problem.
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Conclusively, citing how the co-founder of Ethereum (ETH), Vitalik Buterin, was unfairly blamed for the hack of the decentralized autonomous organization (DAO), he expressed worries about being targeted for the fault of applications built on the Cardano blockchain.
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