Goguen Phase Smart Contracts ‘Represent a Big Step Forward’ – Altcoins Bitcoin News

95

The digital currency network Cardano is two days away from the upcoming hard fork on September 12 and the community is expecting to see functional smart contracts. These can be used for decentralized finance (defi), non-fungible tokens (NFTs), and other types of decentralized applications (dapps). Cardano has managed to capture the third-largest crypto market capitalization among 10,000+ crypto assets but over the last seven days, cardano has lost more than 16% in value.

Cardano Expects to Upgrade in 2 Days

With more than $400 billion under the hood, the ethereum (ETH) market is by far the largest smart contract platform today in terms of fiat valuation. Ethereum has held this position for a few years now, but a number of other smart contract crypto asset networks have been moving toward ETH’s position. Besides ETH, today’s top smart contract markets by market valuation include cardano (ADA), solana (SOL), polkadot (DOT), terra (LUNA), avalanche (AVAX), and more.

Ethereum’s fees and its difficulty scaling have led to funds moving to other smart contract competitors with lower fees and faster transaction times. Cardano has promised to be an Ethereum competitor and the next upgrade is expected to give developers functional smart contract capabilities. The upgrade on September 12 is called “Alonzo” and smart contract capabilities were there for previous Alonzo phases, but only for technical participants.

Goguen Phase Will See the ‘Integration of Smart Contracts,’ Goguen Adds the ‘Ability to Build Decentralized Applications’

If all goes well then the community hopes the network can be expanded to leverage defi, NFTs, tokenization, and other types of dapps. Alonzo is part of Cardano’s roadmap which involves five different eras including Byron, Shelley, Goguen, Basho, and Voltaire.

At the moment, the Cardano network is in the Goguen era. The developers have been working on Goguen in parallel with Shelley and after Goguen completes, both technical-savvy and non-technical individuals will be able to produce Cardano smart contracts.

“With the integration of smart contracts, the Goguen era represents a big step forwards in capability for the Cardano network,” the Cardano team details on its website. “Where the Shelley era decentralizes the core of the system, Goguen adds the ability to build decentralized applications (dapps) on Cardano’s solid foundation of peer-reviewed research and high-assurance development.”

This week Outlier Ventures published a report on blockchain development in the second half of 2020 and the first half of 2021, and the Cardano project is one of the top projects in terms of development. In terms of active developers, Ethereum has 168 while Cardano has 165, according to Outlier’s report posted by Robin Andre Nordnes. While cardano (ADA) has lost more than 16% during the last seven days, year-to-date statistics show ADA has risen more than 2,555%.

What do you think about the upcoming Cardano network upgrade? Let us know what you think about this subject in the comments section below.

Tags in this story

165 Devs, ada, Avalanche (AVAX), Basho, Byron, Cardano, cardano (ADA), Cardano Development, Cardano Hard Fork, cardano project, Cardano Upgrade, dApps, DeFi, Ethereum (ETH), Goguen, Goguen era, market stats, NFTs, Outlier Ventures, polkadot (DOT), Robin Andre Nordnes, Shelley, Smart Contracts, smart contracts chain, Solana (SOL), Stats, terra (LUNA), Tokens, Voltaire

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Source link

You might also like
95 Comments
  1. najlepszy sklep says

    Wow, marvelous weblog layout! How long have you ever been running a blog for?

    you make blogging glance easy. The overall look of your web site
    is wonderful, as well as the content! You can see similar here sklep internetowy

  2. najlepszy sklep says

    Hi! Do you know if they make any plugins to assist with SEO?
    I’m trying to get my blog to rank for some targeted keywords but I’m not seeing
    very good gains. If you know of any please share. Cheers!
    You can read similar text here: Ecommerce

  3. dobry sklep says

    Hey! Do you know if they make any plugins to help with
    Search Engine Optimization? I’m trying to get my blog to
    rank for some targeted keywords but I’m not seeing very good gains.
    If you know of any please share. Thank you! You can read similar blog
    here: Sklep internetowy

  4. sklep internetowy says

    Hello! Do you know if they make any plugins to assist
    with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good gains.
    If you know of any please share. Appreciate it!
    You can read similar article here: Sklep internetowy

  5. Scrapebox List says

    Good day! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying to get my site
    to rank for some targeted keywords but I’m not seeing very good success.
    If you know of any please share. Kudos! I saw similar blog here: Link Building

  6. tadalafil us says
  7. Playboy Model says

    20 Fun Infographics About Playboy Pornstars Playboy Model

  8. Accident attorneys atlanta says

    A Look Into Find Accident Attorney’s Secrets
    Of Find Accident Attorney Accident attorneys atlanta

  9. porn says

    See What Pornstars On Onlyfans Tricks The Celebs Are Utilizing porn

  10. catastrophic Accident Attorney says

    Five Laws That Will Aid With The Accident Attorneys In My Area Industry catastrophic Accident Attorney

  11. Subscription says

    What The 10 Most Worst UK Pornstar Mistakes Of All Time Could Have Been Prevented Subscription

  12. Lola Borucki says

    up

  13. star porn says

    What’s The Job Market For Star Porn Professionals Like?
    star porn

  14. Uk Pornstar says

    See What UK Pornstar Tricks The Celebs Are Utilizing Uk Pornstar

  15. accident Attorney Long island says

    The People Nearest To Accident Injury Attorney Uncover Big Secrets accident Attorney Long island

  16. Accident attorney Oxnard says

    Expert Advice On Local Accident Attorney From An Older Five-Year-Old Accident attorney Oxnard

  17. 급전 says

    Absolutely pent subject matter, appreciate it for selective information .대출

  18. 대출 says

    Absolutely pent subject matter, appreciate it for selective information .대출

  19. Curt Anneler says

    “Mainaja adalah jawaban buat yang suka main game tapi juga pengen dapet uang. Asik dan untung!”

  20. Angla Yray says

    “Mainaja itu seru banget! Gak nyangka bisa dapet uang sambil main game, keren abis!”

  21. buy tadalafil 20mg price canada says
  22. 대출 says

    Your article is a valuable resource for anyone interested in this subject.급전

  23. 급전 says

    I’m blown away by the depth of your research.급전

  24. 급전 says

    I’m impressed by the depth of your analysis.급전

  25. 급전 says

    Your passion for this topic is evident in every word you write, thank you!대출

  26. 급전 says

    Your blog posts are always so engaging and informative, thank you!대출

  27. 급전 says

    Your blog is a testament to your passion for this subject. Thank you for sharing.급전

  28. 급전 says

    Your post has given me a lot to think about, thanks!급전

  29. 통신연체대출 says

    All About Used A Car Loan 통신연체대출

  30. minecraftathome.com says

    Writing Your Affiliate Company Plan 프라그마틱 (minecraftathome.com)

  31. 대출 says

    This article is a must-read for anyone interested in this topic.급전

  32. emailer.datafeedfile.Com says

    Fast Money At Your Disposal With Instant Signature Loans!
    무직자대출 (emailer.datafeedfile.Com)

  33. 대출 says

    Your article has given me a new perspective.대출

  34. 3Cadinfo.Ru says

    How To Win Random Games Of Chance 슬롯사이트 (3Cadinfo.Ru)

  35. 급전 says

    Your writing has a real impact on me.대출

  36. 대출 says

    Your insights have challenged my thinking in the best possible way.대출

  37. 급전대출 says

    4 Things That Makes It Simpler To Get A Much Smaller Term Loan 급전대출

  38. 급전 says

    Your writing has a real impact on me.대출

  39. 대출 says

    Your article has challenged my assumptions in the best possible way.급전

  40. Hershel says

    12 Facts About Accidents Attorney Near Me To Make You Look Smart
    Around The Cooler Water Cooler accident attorney fort collins (Hershel)

  41. Personal injury accident attorneys says

    The Advanced Guide To Best Accident Attorneys Personal injury accident attorneys

  42. www.Hyundaiclubtr.Com says

    Very Credit Rating Personal Loans – Your Two Best Options 급전 (http://www.Hyundaiclubtr.Com)

  43. 프라그마틱 슬롯 says

    Differences Between Online And Offline Poker Play 프라그마틱 슬롯

  44. nexusnook says

    Fantastic read! You’ve explained everything so clearly.echozone

  45. rendingnicheblog says

    Thanks for the valuable information. This is very helpful.nexusnook

  46. dashdome says

    I found your perspective on this topic very interesting. Well done!blogpulse

  47. pulsepeak says

    I enjoyed reading this post. It gave me a lot to think about.dashdome

  48. slotcoin says

    Fantastic read! You’ve explained everything so clearly.echozone

  49. Coinsslot.Com says

    How To Monetize Weblog To Generate Income Coinsslot (Coinsslot.Com)

  50. slotcoin says

    This article was exactly what I was looking for. Excellent work!coinsslot

  51. 프라그마틱플레이 says

    How Utilize A Message Sequence Boost Your Sales 프라그마틱플레이

  52. 일수대출 says

    Three Simple Considerations When Seeking An Undesirable Credit Property Loan 일수대출

  53. seek says

    The Top Reasons People Succeed At The Accident Attorney Lawyer Industry seek

  54. website says

    You consistently produce high-quality content that is both informative and enjoyable to read. This post was no exception. Keep it up!pulsepeak

  55. click says

    I love how you present information in such a clear and engaging way. This post was very informative and well-written. Thank you!peakpulsesite

  56. 온라인카지노 says

    8 Strategies Help You Money In At Baccarat 온라인카지노

  57. mainaja says
  58. website says

    l free to adjust these comments as needed to better fit the specific blog posts you’re responding to!dashdome

  59. website says

    Your blog is a wealth of information. I always learn something new from your posts. This one was particularly enlightening. Great job!blogpulse

  60. Przeczytaj więcej says

    Insightful piece

  61. 에볼루션카지노 says

    5 Key Tips Exactly How To To Determine Kitchen And Bath Remodeling Quality Workmanship
    에볼루션카지노

  62. online pharmacies canada reviews says
  63. best pharmacy says
  64. forum.Illaftrain.co.uk says

    Applying To Borrow Money With No Credit Check OK바로론, forum.Illaftrain.co.uk,

  65. Page Social 1816 says

    hi, thanks!: Page Social

  66. click says

    I really appreciate the thoroughness of your research and the clarity of your writing. This was a very insightful post. Great job!slotcoin

  67. here says

    You consistently produce high-quality content that is both informative and enjoyable to read. This post was no exception. Keep it up!pulsepeak

  68. pharmacy says
  69. 2383 says

    hi, thanks!:

  70. Peranox 8331 says

    hi, thanks!: Peranox

  71. Peranox 1522 says

    hi, thanks!: Peranox

  72. Peranox 8098 says

    hi, thanks!: Peranox

  73. Peranox 1209 says

    hi, thanks!: Peranox

  74. Peranox 1866 says

    hi, thanks!: Peranox

  75. Peranox 225 says

    hi, thanks!: Peranox

  76. Peranox 7396 says

    hi, thanks!: Peranox

  77. Peranox 810 says

    hi, thanks!: Peranox

  78. Peranox 3349 says

    hi, thanks!: Peranox

  79. Peranox 9289 says

    hi, thanks!: Peranox

  80. Peranox 5929 says

    hi, thanks!: Peranox

  81. zone porn 324 says

    hi, thanks!: zone porn

  82. zone porn 8668 says

    hi, thanks!: zone porn

  83. zone porn 9636 says

    hi, thanks!: zone porn

  84. zone porn 254 says

    hi, thanks!: zone porn

  85. zone porn 9861 says

    hi, thanks!: zone porn

  86. zone porn 2824 says

    hi, thanks!: zone porn

  87. click says

    I really appreciate the thoroughness of your research and the clarity of your writing. This was a very insightful post. Great job!slotcoin

  88. here says

    Your passion for the subject matter is evident in every post you write. This was another outstanding article. Thank you for sharing!coinsslot

  89. website says

    I love how you present information in such a clear and engaging way. This post was very informative and well-written. Thank you!peakpulsesite

  90. website says

    You have a real gift for writing. Your posts are always so engaging and full of valuable information. Keep up the great work!nexusnook

  91. website says

    Your blog is a wealth of information. I always learn something new from your posts. This one was particularly enlightening. Great job!blogpulse

  92. 프라그마틱 슬롯 says

    Free Winning Casino Blackjack Strategies Discussed!

    프라그마틱 슬롯

  93. click says

    You have a real gift for writing. Your posts are always so engaging and full of valuable information. Keep up the great work!nexusnook

  94. here says

    Your passion for the subject matter is evident in every post you write. This was another outstanding article. Thank you for sharing!coinsslot

Leave A Reply

Your email address will not be published.