Cardano’s smart contract & StableCoin

On Sunday, Cardano successfully introduced smart contract feature enabling scripts. And now everything is ready to use on the mainnet of Cardano network. 

On 13 September 03:29 AM IST Charles Hoskinson, CEO and founder of Cardano, tweeted about the completion of Alonzo Hardfork and the Smartcontract feature on Cardano blockchain network successfully.

Now, there are huge future possibilities to implement new DAPps on the Cardano with the use of Smartcontract feature. 

Input output Hong Kong global team stated in the blog that, it is just beginning and there are many things in the next phases of development. But it is time for the team to celebrate. 

Here we all know very well how much this Alonzo Hardfork needed and people were waiting. Most of the people were waiting because they were looking to see a big pump. But here IOHK revealed something worthwhile. 

Team said that there are many features which are enabled because of the Alonzo fork. But minting new tokens on Cardano, will give a new stable coin. 

“…use cases – from simple swap type apps to decentralized exchanges (DEXs), and more complex computational programs such as Oracles and crypto-backed algorithmic stablecoins”

In the past, Charles Hoskinson shared his strategy of the new StableCoin that can achieve better significance in the crypto market under high or low trading circumstances. And Charles also proved his programing of StableCoin potential to gain stability through a theorem. So there are huge chances that soon we will see a new StableCoin by the Cardano project. 

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