On Friday, the price of the token cardano spiked over the $2 handle nearing the crypto asset’s all-time high that took place three months ago. Cardano’s price jump derived from a video announcement stemming from Cardano’s Nigel Hemsley when he explained the Cardano network would upgrade on September 12, 2021. The highly anticipated “Alonzo Purple” upgrade aims to boost the Cardano project with fully functional, advanced smart contract solutions. Alonzo Upgrade Scheduled for September 12 Cardano is looking to upgrade the network in the near future, as IOHK’s Nigel Hemsley revealed the project plans to launch the upgrade on September 12 . In a tweet, Input Output (IOHK) also explained the upgrade will happen on the same date mentioned in the video. The name “Alonzo” derives from the mathematician and computer scientist Alonzo Church. The Alonzo implementation has been slowly upgraded by colored-coded stages with the final being purple. “It’s happening,” IOHK said. “We’re targeting 1...
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