Cardano Alonzo Hard Fork
Event Date: Wednesday, June 30, 2021
Event Time: 09:00 CET
Updated Tuesday, May 11, 2021
Cardano which is ADA coin's parent network has been growing over the 4 years of its existence, with ADA benefiting from the expansion of the network. Cardano has a roadmap of clear objectives for the future, aiming at improving further its blockchain network. After Shelley decentralization era, Cardano proceeded with Allegra hard fork in December 2020 which added the option to lock the coins. Now it's the era of Goguen, after the Alonzo hard form takes place in Q2 of 2021. This will enable building decentralized applications (DApps) on Cardano and will make the network more scalable and sustainable.
ADA/USD Factors Affecting Cardano PricesADA has already been quite bullish in 2021 as our analysts explained in the 2021 Cardano forecast, and will benefit further from this update. It surged in the first two months and consolidated gains in march and April. In May the bullish trend resumed again though and the increased scalability from the Alonzo hard fork will attract more users in particular, but also investors, as the price is expected to keep growing.
<% indicator.indicator_name %>
<% indicator.indicator_value %>
<% ssp.ssp_posted_at |date:"HH:mm" %>
About Cardano Alonzo Hard Fork
Cardano, which is a public blockchain platform was founded in 2015 by Ethereum co-founder Charles Hoskinson and was launched in 2017. It uses the proof-of-stake (PoS) protocol to validate transactions occurring on its network and create blocks. It is designed to reduce energy consumption during the mining/block production process. It has its own token called ADA which operates on the settlement layer and keeps track of transactions.