What is Cardano's Alonzo hard fork?

Cardano’s Alonzo update brings the network much closer to its full capabilities. The Alonzo hard fork is a major upgrade on the Cardano network that sees the much-anticipated implementation of smart contract functionality. Smart contracts are pieces of computer code that automatically execute when certain predefined conditions are met.

What will happen after the Cardano hard fork launches?

Aiming to utilize functional decentralized applications like DEXs (decentralized exchanges), many Cardano fans are eagerly anticipating what will go live after the hard fork launches. The Alonzo hard fork will be the third major update on the Cardano network that's slated to improve the overall functionality of smart contracts on the blockchain.

What is the Cardano Alonzo upgrade?

The upgrade's name references the US mathematician Alonzo Church, one of the founding fathers of computer science. Cardano Alonzo is a hard fork. Once it is fully completed, new features will be available to users of the Cardano network. These include the development of new dApps and functions in the area of decentralized finance DeFi.

When will Alonzo update be clipped?

The update proposal for Alonzo will be clipped on September 9. However, we do not yet know the exact timing or the block number candidate for the hard fork. The hard fork testnet will first launch on September 1 ahead of the mainnet release a week later.