What is the Alonzo hard fork?

The price of Cardano has been skyrocketing over the past few weeks in anticipation of the update, otherwise known as the Alonzo hard fork. Let’s talk about who and what Alonzo is exactly and what it means not only for Cardano but for the blockchain ecosystem at large.

Is the Cardano network gearing up for the Alonzo hard fork launch?

With developments for the Cardano network in perpetual progress, the network is gearing up for the Alonzo hard fork launch on Sept. 12 after facing bottleneck issues last week.

What is Alonzo Cardano?

Named after the US mathematician Alonzo Church who famously discovered lambda calculus, Alonzo will move Cardano from a simple blockchain to a complex smart contracts platform similar to Ethereum or Binance Smart Chain.

What are Shelley's new Hard forks?

Since its launch on July 29, 2020, Shelley has introduced two major hard forks: Allegra and Mary. Allegra introduced a token locking mechanism that allows users to lock up Cardano tokens in preparation for on-chain voting (which is expected to roll out in Voltaire, the final development stage).