Cardano announced today that they will be releasing their smart contracts upgrade, the “Alonzo Purple” on September 12, 2021.
Just a few weeks ago the Alonzo Testnet was upgraded from blue to white. Now the development of the smart contracts will enter the final stage: Alonzo Purple. The Alonzo testnet is the preparation for the Goguen update, which will be the actual release of the smart contracts.
The date for this final release has yet to be announced. However, according to the schedule it should happen later this year. Cardano product director Arpana Jue just recently said on YouTube that the project’s development is still on schedule.
The release date of Alonzo Purple was announced by Nigel Hemsley, head of delivery at Cardano in a video on Friday:
Upon this news, Cardano’s native Token, ADA, rallied to a two month high to $2.03. The upcoming release of smart contracts is a good reason for investors to stack up on ADA.
The Cardano Smart Contracts release are a highly anticipated event in the blockchain community. Cardano is expected to compete with the Ethereum network, which has just recently released EIP 1559 an upgrade that intends lower Ethereum gas fees.