On Friday, Cardano (ADA) once again posted an increase past $ 2 after declining since May. The last time the ADA recorded an all -time high (ATH) was at $ 2.47, on May 16.
ADA’s bullish sentiment is none other than driven by the launch of smart contracts which is expected to take place next month through Alonzo’s hard fork combinator (HFC) program.
According to a tweet on the official Twitter Input Output (IOHK) website, the program is scheduled to take place on September 12.
JOIN US: The ‘Alonzo’ upgrade will bring smart contracts to Cardano via a hard fork combinator (HFC) event.
Find out more about the journey to a new era of smart contracts, DeFi and more for Cardano.
And when we plan to deploy… https: //t.co/10NabdJxmE
- Input Output (@InputOutputHK) August 13, 2021
The Alonzo hard fork combinator or Alonzo hard fork combinator is an effort that creates a Byron transition to Shelley without system interruptions or restarts.
It aims to ensure that Byron and Shelley’s ledgers appear as one ledger. This will also lead to a combination of the Byron and Shelley blocks which after its transition, will also combine the Goguen, Basho, and Voltaire blocks as one unit.
If these improvements go well, it’s not impossible the ADA will record a three-digit percent jump after the launch of smart contracts, again Cardano owns a very large community.
At the time of writing, the ADA is trading at $ 2.13 with a decline of almost 2% in 24 hours.
