The first smart contract has been executed on Alonzo, Cardano’s public testnet. Smart contracts on Alonzo will be completely functional by September, according to Cardano’s founder, Charles Hoskinson. Since this month, attempts have been made to create the first testing network. In the same month, the first testing network was launched. The testnets were created with the goal of deploying Plutus smart contracts, which may be used to operate a variety of DApps (decentralized apps).
Cardano previously said that the plan for smart contracts will last four months, from June to September, after which they would be fully implemented. On the Ethereum blockchain, smart contracts had already begun. Alonzo Blue was the company’s first testing network, and it was followed by Alonzo White, Alonzo Purple, Alonzo Red, Alonzo Black, and eventually the Alonzo Mainnet. At the company’s 360 event, this deployment strategy was announced. The first testing network (Alonzo Blue) will be available to pool operators, the Plutus program team, and a few additional partners, according to the business.
At this time, Alonzo White will be used to examine the performance of the testing network, and Cardano will be used to examine the performance of the testing network. At the Alonzo Purple level, the testing network will be open to the public, and all Plutus program pioneers and stake pool operators will be able to participate. All of these steps will allow the hard fork to go live on the mainnet in its entirety. CEO Charles Hoskinson admitted that the community’s expectations were high, but cautioned them against raising them even higher because the launch might take longer than projected.
The CEO stated at the outset of the smart contract initiative that he wanted community members to have the assistance they needed to develop initiatives. He went on to say that he intended to improve the experience with Decentralized apps by improving security, safety, and the user interface. He’s pleased that they’ve made progress with this successful smart contract deployment on the testnet.
The Alonzo Blue stage of the testing network is still active, with the goal of refining the command line interface for HTML-styled (Hypertext MarkUp Language) smart contracts. After partners in the current stage are able to generate basic scripts, the testing network will go on to the next level, Alonzo White. Before going on to the next step, the head of deliveries and projects at IOHK (Input Output Hong Kong) stated that they must be satisfied that the following can be done on-chain: submission, validation, and finally execution.
All Plutus software components will be incorporated during the Alonzo White phase. Cardano’s partners are aiming to use the testing network for use cases including non-fungible tokens (NFTs), liquidity mining, staking pools, swapping, and decentralized exchanges while the project is still active.