{"id":163631,"date":"2021-06-12T18:30:10","date_gmt":"2021-06-12T13:00:10","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=163631"},"modified":"2021-06-12T15:47:30","modified_gmt":"2021-06-12T10:17:30","slug":"cardano-first-ever-plutus-smart-contract-goes-live-on-alonzo-testnet","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/cardano-first-ever-plutus-smart-contract-goes-live-on-alonzo-testnet\/","title":{"rendered":"Cardano: First-ever Plutus smart contract goes live on Alonzo testnet"},"content":{"rendered":"<p>Cardano, the fifth-largest cryptocurrency in the market, has been one of the most talked-about altcoins of late. Not so long ago, it successfully <a href=\"http:\/\/ambcrypto.com\/cardano-takes-another-step-towards-alonzo-as-first-testnet-goes-live\/\">pushed out<\/a> the first testnet of its Alonzo rollout. Since then, anticipation for its later developments has been sky-high.<\/p>\n<p>Cardano is in the news again today on the back of a <a href=\"https:\/\/www.youtube.com\/watch?v=Y44eMfnlVwY\">conversation<\/a> that saw IOHK&#8217;s Marketing Director Tim Harrison, Head of Delivery Nigel Hemsley, and Delivery Lead Dimitris Poulopoulos highlight the ecosystem&#8217;s latest updates.<\/p>\n<p>Perhaps, the most crucial of these developments was <a href=\"https:\/\/twitter.com\/IOHKMedia\/status\/1403335557481127939\">tweeted<\/a> out by IOHK, with the same announcing,<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&quot;The first simple Plutus smart contract has this week been successfully run on the AlonzoBlue Cardano testnet&quot; &#8211; learn more in June&#39;s mid-month development update <a href=\"https:\/\/t.co\/3WEQi9hqCX\">https:\/\/t.co\/3WEQi9hqCX<\/a><\/p>\n<p>&mdash; Input Output Group News (@IOGroupNews) <a href=\"https:\/\/twitter.com\/IOGroupNews\/status\/1403335557481127939?ref_src=twsrc%5Etfw\">June 11, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>To elaborate further, the respective smart contract is written in a specific Cardano-programmed language called Plutus. As part of the Alonzo Blue phase, the first phase, it incorporated a command-line interface (CLI) for writing &#8220;Hello World&#8221;-style smart contracts. The initial phase of Alonzo includes only a limited set of staking pool operators and early Cardano (ADA) enthusiasts (&#8216;pioneers&#8217;).<\/p>\n<p>To support such experiments, the project has collaborated with different external teams, namely, Altlabs, Eleks, Mlabs, Obsidian, and other partners to work on use cases. These include a variety of decentralized finance segments such as decentralized data oracles, decentralized digital assets exchanges (DEXs), liquidity and staking pools, lending\/borrowing tools, crypto-backed stablecoins, and NFTs.<\/p>\n<p><strong>Next couple of weeks&#8230;<\/strong><\/p>\n<p>As soon as this limited set of partners and pioneers become compatible with these basic scripts, the next phase will follow i.e. Alonzo White. According to Nigel Hemsley, however, for that to happen,<\/p>\n<blockquote><p>&#8220;&#8230;they have to successfully prove they can submit, validate, and execute on-chain.&#8221;<\/p><\/blockquote>\n<p>Not so basic after all.<\/p>\n<p>However, IF successful in that aspect, Alonzo White plans to incorporate 500 community members, pioneers, stakepool operators (SPO) and bring them on board in July.<\/p>\n<p>Finally, in the integral last phase, Alonzo purple, the testnet will be fully public with all Pioneers onboarded with the partners\u2019 dApps.<\/p>\n<p>As per the Alonzo <a href=\"https:\/\/twitter.com\/InputOutputHK\/status\/1397959272844206083\">rollout plan<\/a>, the smart contracts are scheduled to be fully implemented by September.<\/p>\n<p>Needless to say, with such developments, expectations are bound to rise and so should the altcoin&#8217;s price. At the time of writing, ADA was <a href=\"https:\/\/coinmarketcap.com\/currencies\/cardano\/\">trading<\/a> around the $1.39 price level, having witnessed a correction of around 8% in 24 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano, the fifth-largest cryptocurrency in the market, has been one of the most talked-about altcoins of late. Not so long ago, it successfully pushed out the first testnet of its Alonzo rollout. Since then, anticipation for its later developments has been sky-high. Cardano is in the news again today on the back of a conversation<a href=\"https:\/\/ambcrypto.com\/cardano-first-ever-plutus-smart-contract-goes-live-on-alonzo-testnet\/\">Continue reading <span class=\"sr-only\">&#8220;Cardano: First-ever Plutus smart contract goes live on Alonzo testnet&#8221;<\/span><\/a><\/p>\n","protected":false},"author":68,"featured_media":163687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-163631","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cardano: First-ever Plutus smart contract goes live on Alonzo testnet - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Cardano is in the news again today on the back of a conversation that saw IOHK&#039;s Marketing Director Tim Harrison, Head of Delivery Nigel...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/cardano-first-ever-plutus-smart-contract-goes-live-on-alonzo-testnet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano: First-ever Plutus smart contract goes live on Alonzo testnet - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Cardano, the fifth-largest cryptocurrency in the market, has been one of the most talked-about altcoins of late. Not so long ago, it successfully pushed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/cardano-first-ever-plutus-smart-contract-goes-live-on-alonzo-testnet\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-12T13:00:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/light-bulbs-1875384_1280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shubham Pandey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/crypto_shubham\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shubham Pandey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/cardano-first-ever-plutus-smart-contract-goes-live-on-alonzo-testnet\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/cardano-first-ever-plutus-smart-contract-goes-live-on-alonzo-testnet\\\/\"},\"author\":{\"name\":\"Shubham Pandey\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/7710783316829dfc843195d4eafda9e4\"},\"headline\":\"Cardano: First-ever Plutus smart contract goes live on Alonzo testnet\",\"datePublished\":\"2021-06-12T13:00:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/cardano-first-ever-plutus-smart-contract-goes-live-on-alonzo-testnet\\\/\"},\"wordCount\":379,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/cardano-first-ever-plutus-smart-contract-goes-live-on-alonzo-testnet\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/light-bulbs-1875384_1280.jpg\",\"articleSection\":[\"Altcoin\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/cardano-first-ever-plutus-smart-contract-goes-live-on-alonzo-testnet\\\/#respond\"]}],\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/cardano-first-ever-plutus-smart-contract-goes-live-on-alonzo-testnet\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/cardano-first-ever-plutus-smart-contract-goes-live-on-alonzo-testnet\\\/\",\"name\":\"Cardano: First-ever Plutus smart contract goes live on Alonzo testnet - 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