CNBC’s Ran Neuner: Cardano Will Launch Smart Contracts before Bull Market Ends
AI Trading

Ran Neuner, CNBC’s Crypto Trader host and founder of Crypto Banter/Banter Capital, has recently showcased his hope in the work in progress smart contracts platform, Cardano (ADA).

Neuner shared his thoughts moments ago via his official Twitter handle, stating that smart contracts will be launched on the Cardano blockchain before the end of the current bull cycle.

Read Also: Cardano (ADA) +3,290% One-Year Return Outperforms BTC, ETH, BNB, Others –Compound Capital Advisors Founder

The crypto Public Figure said this amid the current unfavorable situation in the cryptocurrency market, believing that Cardano’s team of developers will deliver as promised, following the roll out of the first Alonzo testnet.

AI Trading

Ran Neuner tweeted, “The bull market can’t end before Cardano launches smart contracts!!!”

Read Also: OccamRazer Collaborates With Bondly To Enhance DeFi and NFT Capabilities on Cardano

Cardano (ADA) Counts Down to Smart Contract Implementation

The launch of the first Alonzo testnet by the team indicates that the much-anticipated implementation of smart contracts functionality on the Cardano blockchain is around the corner. This development will enable Cardano to perfectly rival the largest smart contracts platform, Ethereum.

Alonzo, named after Alonzo Church, the mathematician and theoretical computer scientist, is the first part of a series of expected upgrades to bring full smart contract functionality to the Cardano blockchain in a few months’ time.

Read Also: Nft-maker. io, the Easiest Way to Mint Non-Fungible Token (NFT) on Cardano, Launched

According to Input Output Global (IOG), the firm behind the development of Cardano (ADA), the most critical engineering path, integration path, coordination path, and community path are for the next 90 days.

Why Cardano (ADA) Needs Smart Contracts

Smart contracts are an important feature of the growth and development of the Cardano blockchain. They will enable the platform to host decentralized finance (DeFi) applications for the first time. They are also needed to compete with other DeFi ecosystems, such as its arch-rival, Ethereum blockchain.

Currently, Ethereum is the leader in the DeFi space by a huge margin, but its issues with low transaction speed and high gas fees have been hampering its network from the onset, especially when applications and projects built on it started increasing.

Read Also: Hoskinson Stresses Why Cardano’s PoS Is Better as Bitcoin Miners Move with Trucks & Cargo Planes out of China(

However, Ethereum is also in the process of launching ETH 2.0, but its current issues give rival projects, such as Cardano, a huge means to thrive.

Follow us on Twitter, Facebook, Telegram, and Download Our Android App

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Tobi Loba

By Tobi Loba

Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.