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Input Output Hong Kong (IOHK) says it is gearing up to roll out the final phase of Cardano\u2019s Alonzo update, which will bring smart contract capabilities to the world\u2019s fifth-largest crypto by market cap.<\/p>\n

The Cardano developer tells its 145,000 Twitter followers that the Alonzo Purple testnet is up and running and is undergoing an onboarding process.<\/p>\n

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IOHK says that it\u2019s aiming for Cardano to launch full smart contract compatibility in the coming weeks.<\/p>\n

\u201cIt\u2019s an important moment, marking significant progress in the rollout of smart contracts on the Cardano mainnet which is targeted for the end of August\/early September.\u201d<\/em><\/p>\n

IOHK also says<\/a> it\u2019s been communicating with crypto exchanges in preparation for the update to ensure that ADA holders can smoothly transition into Cardano\u2019s smart contract era.<\/p>\n

\u201cWe want to ensure as many exchanges as possible are \u2018[Alonzo hard-fork-ready]\u2019 when we hard fork the network, to ensure that their customers maintain uninterrupted deposit\/withdrawal access to their ADA and do not have to wait for this to be sorted out afterwards.\u201d<\/em><\/p>\n

In a live stream, Cardano creator Charles Hoskinson says<\/a> that following the hard fork combinator (HFC) event, developers will be able to start coding smart contacts onto the Cardano blockchain using Plutus code<\/a>.<\/p>\n

\u201cWhat\u2019s really cool is that five seconds after the HFC event occurs, you can run Plutus code on Cardano\u2026 If you\u2019re really creative and really understand our stack, you guys can actually start writing and deploying your smart contracts on mainnet if you so choose, which is pretty awesome. Or you can wait two, three weeks and the testnet will be in a position where you have the full \u2018Cadillac\u2019 experience, and you can write stuff and deploy it there.\u201d<\/em><\/p>\n

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