Last weekend, Cardano (ADA) completed the Alonzo update, introducing the functionality of smart contracts. The platform now has capabilities similar to Ethereum and its competing networks.
Skeptics doubted that smart contracts would be launched on time or even at all, but it turned out they were wrong. Now, thanks to its newly integrated capabilities, The project is gaining a lot of attention from different sectors of the crypto ecosystem.
With this in mind, Sidney Vollmer, Director of Brand and Communications at the Cardano Foundation, informed the community of the next associations:
“I don’t want to brag or anything, but…
Some of the partnerships that we will announce in #CardanoSummit will blow people’s minds. Really grateful for the opportunities we have at @CardanoStiftung to change the world for the better and have fun together.
Stay up-to-date ”.
It is worth noting that the Cardano Summit is an annual event that keeps the Cardano community, investors and others involved in the ecosystem informed of updates, and this next event could be the biggest ever.
Cardano’s great partnerships after the Alonzo update
There are no official statements on what Cardano’s plans are. The network maintains its reputation for not giving out unverified information or making news before its launch date.
Details of these partnerships will be revealed shortly at the Cardano Summit, which will be a combination of virtual and live events taking place September 25-26.
Now it is possible to register to participate. Until now, however, there are no suggestions as to who the new members might be, nor a list of speakers for this event.
Meanwhile, decentralized applications (DApps) continue to develop on the web. According to cardanocrowd.com, around 60 DApps are already available. Among them are Space Budz NFT, Nami Wallet, games, and more. They all fall into different categories including crowdfunding, management, insurance, and more.
Thanks to future partnerships, the platform may even win more favors than Ethereum. According to blockchain it is in many ways “better than Ethereum”.
Cardano has higher scalability, technology, and lower transaction fees. Too uses proof-of-stake eco-friendly rather than proof-of-work, and has dual-level shared accounting and calculation capabilities.
Cardano founder Charles Hoskinson, who is also a co-founder of Ethereum, emphasized, however, that there is room for coexistence in the ecosystem. Each network may have unique characteristics that distinguish it from the others.
However, Tim Harrison, Director of Marketing for Input Output Global (IOG), found it necessary to manage expectations at ADA.
In his blog post, he wrote that it may take some time before the ecosystem can boast tremendous growth. It may even take a long time before there is significant traction from the user.
Cardano users can expect an extensive ecosystem of consumer-ready DApps, available immediately after an update.
Even Ethereum, Harrison notes, took two years to launch before the CryptoKitties DApp’s first success. Therefore, Despite Vollmer’s enthusiasm, Cardano still has a long way to go.
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