Charles Hoskinson Highlights What Is Next As Cardano Launches Smart Contracts

Alonzo is finally live. This implies that smart contracts functionality has been activated officially on the Cardano network. Cardano can now challenge other working smart contracts platforms such as Ethereum, Solana, Tezos, among others.

As the launch is now made official, Charles Hoskinson, the CEO of IOG, who created the newly emerged smart contracts platform, Cardano (ADA), has recently highlighted what is next after the much-anticipated milestone.

What’s next after the Milestone?

According to Charles Hoskinson in a new video, after the much-awaited Alonzo mainnet launch, Cardano is looking forward to the debut of the Plutus application backend, which offers a collection of components that will enable all levels of users to build on the network.

Charles Hoskinson noted:

“So that’s the day, and you know what happens? There has to be a morning after, September 13th, Monday. We wake up. It’s business as usual. Lots of things will happen. [The] network will probably be under a lot more load because people play around with things and test things and that’s fine.

And a few weeks later, the latest and greatest version of the Plutus application backend will be released and we’ll have the Cardano 2021 summit. And there will be a huge spotlight on the ecosystem as a whole. That will be a great event.”

In the video, Cardano’s creator showcased his belief in the fact that the long path of the platform to the smart contracts era will benefit the crypto industry at large.

Hoskinson added:

“We worked for a very long time. Some of the members of this team have been working for over four years. We did our work. our homework. We did hundreds of presentations, dozens of papers.

“So much code was written and a lot of very careful thought went into building a very novel model that’s ubiquitously beneficial, if anything, as an experiment for the industry [that] we feel is the best industrial model.”

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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.