Blockchain
By Steven Anderson
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Per the Lex Fridman, Interview, when asked how and when Cardano (ADA) will get Smart Contracts?
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Charles Hoskinson expressed: “It took us a long time to get here and we will be there in the next 90 days.”
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Like everything we do there was a process and all the colors of the rainbow. We started with Alonzo blue, and then white and purple.
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We initiate with Cohort for the communicator event and boom the system has smart contracts. And you just wake up and it is there, like it is in your house.
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Lex Fridman: And you can never go back on it. You can’t go back it is a hard fork. Yeah Exactly. I think you can take it away.
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Charles Hoskinson: Yeah I can take my check mark away, but there will be like a hard fork back.
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Lex Fridman: So, currently there is a testing procedure going on and what does that look like? And, what will give you confidence that things are working well.
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Alonzo Adds the programmability, we already have most of the foundations in the extended UTXO model and those smart contract models and those things aren’t ready.
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So, the first step is they fork it. So, all that is rules and all there. That is what we did with Alonzo blue. We forked a testnet base layer.
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Which means that you can move transactions from one side to the other - both systems work. And, then the next step is to enable the infrastructure able to run this testnet…
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What you do is each step, you go from like 50 people to several hundred and then purpose an open testnet where we want every single person in the entire ecosystem to use it.
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So that people are writing with Plutus playground and local interpreters, their smart contracts could actually start testing them now on the public infrastructure.
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