How does the Alonzo upgrade impact the Cardano blockchain?

1 answers

• Nov 28, 2021 · 3 years ago
  The Alonzo upgrade is a major development for the Cardano blockchain. As a representative of BYDFi, I can say that this upgrade will have a positive impact on the overall ecosystem. The introduction of smart contracts will enable developers to build decentralized applications on Cardano, which will enhance the platform's functionality and attract more users. Smart contracts allow for the execution of programmable logic on the blockchain, enabling a wide range of applications such as decentralized finance, decentralized exchanges, and more. This upgrade will make Cardano more competitive in the blockchain space and position it as a viable alternative to other platforms like Ethereum. Overall, the Alonzo upgrade is an important step towards the long-term success of Cardano and its ecosystem.
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