First Cardano Smart Contract Has been Run Successfully on Alonzo Testnet
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According to development update shared on 11th June 2021, the first smart contract on Cardano has been run successfully on Alonzo testnet.

As earlier reported by Herald Sheets, the official implementation of smart contracts functionality on Cardano is expected to play out by September, after Alonzo hard fork.

Read Also: Analyst: Cardano (ADA) DApps Have Potential to Go Parabolic Once Support for Smart Contracts Launches

At the moment, Cardano’s team of developers is in the Alonzo Blue phase. In this phase, the team’s focus is centered on developing the command-line interface (CLI) for writing the “Hello World” style of smart contracts.

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The development is expected to transition to Alonzo White once partners and pioneers are able to create basic scripts.

According to IOHK’s head of delivery and projects, Nigel Hemsley, partners and pioneers have to successfully prove that they can submit, validate, and execute on-chain. There will be an introduction of all Plutus components, such as the application backend in this stage.

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Altlabs, Eleks, Mlabs, Obsidian, and other partners are currently working on such use cases as a token swap, liquidity and stake pools, non-fungible tokens (NFTs), and an exchange.

The testnet will go public during the “Alonzo Purple” phase when all stake pool operators and Plutus pioneers will be able to participate.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.