Cardano founder Charles Hoskinson has spoken out about Alonzo’s recent ADA upgrade, saying: It’s moving forward.

In a recent video, Cardano founder Charles Hoskinson gives an update regarding the Alonzo upgrade – and it looks like things are on the right track. Hoskinson:

“All in all, speed is exactly where it needs to be, progress is exactly where it needs to be. Alonzo will come.“

The highly anticipated Alonzo phase is expected to enable full smart contract capabilities on the network. Once launched, Cardano will finally be able to compete on a par with other programmable chains.

Cardano: Development is progressing as expected

For organizational purposes, Alonzo has been categorized into color levels.

Starting with blue, which represents a small cohort of users in the test network. Then know what is similar to blue, only with a wider group of testers. Finally, Purple introduces stakeholders( such as exchanges and wallet providers) to the upgrade.

According to Hoskinson, the Blue era is almost complete. However, due to the discovery of errors in the validation nodes, the schedule was pushed back by about a week.

He expects the” white ” era to begin toward the end of this week. More likely, however, is the start of next week to avoid a start just before a weekend.

“As many of you know, we started the Alonzo Blue era last month, and we’ve been working on it with partners. We have learned a lot and are about to enter the Alonzo White era.“

As already mentioned, the White Era will expand the number of testers to several hundred people. The era is expected to run for two to four weeks.

Hoskinson responds to”failed prediction” tweet

In response to criticism that he misjudged Alonzo’s timeline, Hoskinson comments: dismiss the concerns as non-issue.

“It’s kind of bizarre, the crypto media and people on Twitter have decided to turn a tweet into an issue where I predicted that by the end of July there will be a lot of assets on Cardano, and a lot of dApps on Cardano.“

End of July 2020 sagte the Cardano founder predicted that there will be hundreds of assets and thousands of dApps on Cardano in July 2021.

Some users now reacted to this prediction – and Hoskinson, in turn, to their reaction:

“To be honest, we already have this type of traction. There are tens of thousands of assets, over tens of millions of dollars in NFTs that I think have been sold, if we count correctly, throughout the Cardano network.“

Referring to the Catalyst project, which funds DApp proposals, Hoskinson also adds: hundreds of candidates there would show that much more is coming.

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Text credit: Cryptoslate

Last updated on July 9, 2021

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