Cardano launches smart contracts and becomes DeFi platform
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.