The CEO of Input Output Global (IOG), Charles Hoskinson, who created Cardano (ADA), the largest proof-of-stake (PoS) blockchain in the crypto industry, has some hours ago taken to Twitter to showcase the current capacity of the Cardano ecosystem as the community awaits the mainnet launch of Alonzo, an upgrade that will implement smart contacts functionality on Cardano.
The images shared by Cardano Rise and retweeted by Hoskinson showcase the growth of the Cardano ecosystem between May 2021 and August 2021.
Charles Hoskinson wrote, “Moving the chains.”
Moving the chains. https://t.co/f9dBbhcoJH
— Charles Hoskinson (@IOHK_Charles) August 28, 2021
Upgrade Proposal Submitted
Over the past few weeks, the Cardano ecosystem has been welcoming expected developments. The community is earnestly waiting to see the launch of smart contracts on the Cardano network, and the team behind the development is doing the right thing to make this happen has scheduled.
About two days ago, IOG announced the submission of the upgrade proposal to the Cardano testnet, which will pave the way for the final testnet launch on 1st September 2021.
According to the report, the proposal is a major milestone on the journey into the much-awaited Alonzo era.
IOG announced, “Today, we have just submitted an upgrade proposal to the Cardano testnet to hardfork the chain into the Alonzo era and enable smart contract capability. This will take effect within the next few hours.
“This is a major milestone and marks the final, critical stage prior to hard forking the Cardano mainnet, on target for 12 September.
“Over the days ahead, we’ll be doing final checks and testing within a controlled environment to ensure that we are ready to upgrade the main Cardano network. And usher in a transformative era of smart contracts capability.”