Shortly Cardano’s Alonzo Purple testnet went live, IOHK explained what achieving this milestone means and the CTO of blockchain company dcSpark explained how the Cardano ledger is being changed to support smart contracts.
The “Alonzo” hard fork will “bring exciting and highly-anticipated new capabilities to Cardano through the integration of Plutus scripts onto the blockchain.” This will mean support for smart contracts in Cardano, thereby addressing a major criticism of Cardano and opening the door to a whole set of new and exciting decentralized finance (DeFi) apps.