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Cardano launches smart contracts and becomes DeFi platform

Tuesday 30 March 2021 15:31 CET | News

Switzerland-based cryptocurrency platform Cardano has announced launching smart contracts processing and developing into a DeFi platform in 2021.

At Cardona’s monthly cryptocurrency information virtual conference, Cardano company officals announced the company was taking the next step towards a fully-fledged Ethereum alternative in May 2021. An upgrade called ‘Alonzo’ is intended to create a test network for smart contracts. This update should then rolled out everywhere and be incorporated into the mainnet in August 2021.

Cardona is also planning to launch a decentralised app with which it will also be possible to create custom tokens.


 


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Keywords: cryptocurrency, Ethereum, smart contracts, DeFi
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: Switzerland
This article is part of category

Blockchain & Cryptocurrencies