TL;DR Breakdown: IOHK has confirmed that Cardano smart contract functionality will be enabled on Sunday.An update proposal to trigger the hard fork combinator was submitted on Tuesday.The hard fork would mark the beginning of Cardano DeFi. The long-awaited Cardano smart contract functionality will finally be implemented on the mainnet on September 12. Input-Output (IOHK), the development team behind the Cardano blockchain, confirmed this in a recent tweet, saying the Alonzo hard fork marks the “start of an exciting new phase in our development as a #smartcontracts network.” Cardano smart contract update submitted successfully In the tweet thread, IOHK announced that the update proposal for the Cardano smart contract was successfully submitted on the mainnet. This will “trigger the hard fork combinator even on Sunday.” LAUNCH CONFIRMED: Today, around 17:26 UTC we successfully submitted an update proposal to the #Cardano mainnet, to trigger a hard fork combinator event on Sunday #Cardano $ADA 1/6 pic.twitter.com/rEtjrdGiBV— Input Output (@InputOutputHK) September 7, 2021 Already there are Cardano smart contracts running on the testnet, including MinSwap and SundaeSwap. However, the successful launch of the Alonzo hard fork, via Cardano’s unique hard fork combinator (HFC) technology, would bring this smart contract functionality to the mainnet. It will also introduce compatibility upgra...
