After waiting and waiting, Cardano has finally finished updating, upgrading, and integrating the smart contract feature on its mainnet.

1/2 upgrade successful.

Moments ago, we posted #alonzo Upgrade in the elapsed period.

Welcome to the beginning of a new era for #cardano ADA dollars pic.twitter.com/r6QNvTv4pt

– InputOutputHK September 12, 2021

After years of researching and producing a large number of research papers, reviewed by many specialists on the structure of the network, its capabilities, ideas, goals, etc., Cardano now has the capabilities of smart contracts to enhance its ecosystem.

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Cardano successfully integrates smart contracts feature:

Hours before this article was published, the Alonzo upgrade was officially live on the mainnet.

This means that the Cardano network now supports smart contracts, allowing different teams and projects to start building and deploying their own protocols directly on Cardano.

One of the important things to consider when talking about smart contracts on Cardano is the “Plutus” technology.

Plutus is the framework that enables the smart contract functionality in Cardano.

“Plutus core” is used to define the parameters of the extended “UTXO” model.

According to the team, it offers unique advantages over different accounting models.

Additionally, the Plutus framework provides access to applications and services that run on the network, and should also include full web browser interoperability.

The upgrade was not without its downfalls:

The upgrade was not without problems.

It was recently reported that there is a major concurrency issue within the core design of Cardano’s smart contract capabilities within the beta network upgrade.

The problem, as pointed out by one Twitter user, is that multiple users cannot interact with a protocol based on Cardano at the same time.

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But Charles Hoskinson, as well as the developers of Input Output (the team behind Cardano), have gone deep into explaining the entire smart contract model of the network and how this is not an issue.

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Plus, just two days ago, Input Output published a brand-new blog explaining Cardano’s “EUTXO” approach to implementing smart contracts and how it offers greater security, fewer failed transaction fees, and the ability to predict the full cost of fees.

However, with the upgrade continuing today, this marks a new era for the Cardano project, and it is interesting to see how this will affect the Cardano ecosystem in the future, including the price of the ADA cryptocurrency that has not reacted much to the upgrade event.

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