Cardano’s smart contracts are set to go live on September 12, marking a major development in the project’s history. The Alonzo upgrade has progressed smoothly so far, and teams have already begun building on the network. The Cardano City NFTs release has been pushed back due to technical issues, but the ecosystem is expected to see a variety of DeFi platforms launch shortly after smart contracts go live. The launch has also caught the attention of investors, with the price of ADA rallying in response. Cardano aims to establish blockchain infrastructure in developing countries, and IOHK has partnered with the European Business University of Luxembourg to make education accessible in these regions.
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Cardano Set to Launch Smart Contracts
September 2021 is a month of great significance for Cardano, given that smart contracts are set to go live. With major development on the network already happening and ADA holders expecting significant returns, everything appears to be working in favor of Cardano.
Cardano’s Alonzo Upgrade Almost Seamless
The Alonzo upgrade launch has gone smoothly despite the significant changes it brought. The upgrade’s different phases have gone according to plan, and in less than two weeks, the network will go live, on September 12. According to Charles Hoskinson, there seems to be no likely delay.
Cardano City NFT Delayed
Cardano City’s secret Cyberpunk project has had a delay in the release of their NFTs. However, when released, the NFTs are expected to attract significant attention given their uniqueness.
ADA’s Steadily Rising Value
The value of ADA has been seeing a steady rise this month, climbing from a low of $1 to nearly $3, bringing Cardano further into mainstream markets and piquing the interest of the Reddit community.
Cardano DeFi Platforms Announcement
With the launch of smart contracts, DeFi platforms can start working on the Cardano blockchain. SundaeSwap is one of the DeFi platforms whose integration with the Daedalus and Yoroi wallets will allow users to trade and provide liquidity directly from their non-custodial wallets.
Cardano’s Autonomous Central Bank
Djed, Cardano’s native stablecoin, is algorithmically pegged to the US dollar, but price oracles will allow it to be displayed as different currencies. Unlike most stablecoins on the market, Djed is entirely autonomous, making it stand above the competition.
Cardano Offers Free Education for Developing Countries
IOHK has partnered with the European Business University of Luxembourg (EBU) to bring free educational resources to students in developing countries. This partnership allows access to resources that teach crucial skills for today’s world, including blockchain coding and web development.
Conclusion
Cardano’s launch of smart contracts, announcement of DeFi platforms, and offering free education opportunities for developing countries indicate an aggressive push to improve the quality of life for people worldwide.
