Technical development of Cardano (ADA)
Mainly around its important upgrade called Alonzo. The Alonzo upgrade is part of a series of upgrades to Cardano, enabling it to support smart contract functionality.
Smart contract capabilities:
The core goal of the Alonzo upgrade is to introduce smart contract functionality to Cardano. Smart contracts allow automated contracts and code to be executed on the blockchain without the need for third-party involvement or trust. This enables Cardano to be used in more application scenarios, such as decentralized finance (DeFi), supply chain tracking, voting systems, etc.
Developers and Ecosystem:
The introduction of smart contract functionality is a major attraction for the developer community. Cardano hopes to use this feature to attract more developers to participate in the construction of its ecosystem, thereby increasing the number and diversity of DApps.
Plutus language and tools:
Plutus is a Haskell-based functional programming language designed to write secure and reliable blockchain smart contracts.
Phased implementation:
Alonzo upgrades are implemented in phases to ensure system stability and security. Limited smart contracts will be introduced during the initial testing and deployment phase.