Cardano already supports more than 100 smart contracts – ADA price rises

Cardano successfully put the Alonzo hard fork on the network on September 12thintegrated. Thanks to this upgrade, smart contracts can now be built on the network, and they are making full use of them.

The Cardano Alonzo hard fork is a great success

Within 24 hours of the Alonzo hard fork, 100 smart contracts were running on the Cardano network. The blockchain has reached 100 smart contract milestones within 24 hours of the Alonzo upgrade. Charles Hoskinson, the founder of the Cardano blockchain, called the Alonzo rollout a great success. He said:

“This upgrade is the culmination of six years of hard work with some of the brightest minds in blockchain and beyond. The focus is now on further improving the platform and ensuring Cardano is adopted by businesses and governments. With this launch, commercialization is as much in the hands of the community as the system architects, and they are already delivering – over 100 smart contracts have been executed in less than 24 hours.”

The integration of smart contracts is Cardano’s biggest upgrade to date. This allows it to compete with Ethereum and Polkadot. The blockchain could now host dApps, Defi protocols, and even NFTs. And perhaps what makes the success even more beautiful is that it silences all the critics who have attacked Cardano for years.

Many people even started betting money that Cardano will not be able to integrate smart contract support in time. People like PolymarketQ and Polygon co-founder Sandeep Nailwal lost the bet and now Hoskinson wants them to honor their bets.