Cardano Is On Track for Final Alonzo Testnet Launch

Nigel Hemsley, head of delivery at Input Output Global (IOG), is ready to submit the proposal for the upcoming launch of the final Alonzo testnet on 1st September.

Hemsley made this known during a recent episode of Cardano360 that played out on 26th August 2021. In the course of the event, Hemsley stated that the team is taking the right step to launch the final testnet of Alonzo before the mainnet launch that is estimated to play out on 12th September.

However, he admitted that any issue can unexpectedly cause delay of the launch, but so far, everything is looking positive and on track. He said the proposal will be ready for submission on 1st September.

IOG tweeted, “Fresh from Cardano360: Nigel’s update on Alonzo timings. TLDR: Things looking positive & on track – hoping to be able to submit our update proposal this Sunday & bring smart contract capability to the Cardano testnet for the 1st Sept.”

Things have been reportedly going smoothly since the launch of Alonzo Purple, the first version of the public testnet, earlier this month.

Cardano Needs Lots of Exchanges Participation for Liquidity

Alonzo mainnet rollout is the final phase of the Goguen era when smart contracts functionality is deployed on Cardano, the largest proof of stake (PoS) blockchain in the industry.

To make the Alonzo upgrade a success, the readiness of crypto exchanges is very important. Currently, Cardano is canvassing the support of exchanges for the Alonzo hard fork and a number of them have started showcasing their supports.

According to the head of delivery at IOG, a lot of these cryptocurrency exchanges are needed to provide needed liquidity before the Alonzo mainnet launch.

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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.