Cardano founder Charles Hoskinson has won a $50,000 bet on whether the cryptocurrency\u2019s network would roll out smart contracts before October 1, as the Alonzo hard fork is expected by next month.<\/p>\n
The price of Cardano has been surging over the last few months ahead of the implementation of smart contracts on its network. As reported, it went up over 60% in the last 30 days<\/a> to surpass the $2 mark,<\/p>\n Its price performance is based on the team\u2019s ability to launch smart contracts on the network. On Polymarket, a cryptocurrency betting site that allows users to bet on the outcome of a number of events, most seemingly started by betting ADA would not launch smart contracts by October 1.<\/p>\n The betting action caught the attention of Hoskinson, who initially responded to the market\u2019s users \u201creally make me laugh.\u201d On Twitter, Polymarket responded by saying Cardano would not have smart contracts by October 1, and was willing to bet $50,000 on the platform on it.<\/p>\n The bet\u2019s rules dictated that the winnings would go to a charity of the winner\u2019s choice.<\/p>\n![\"\"](\"https:\/\/cryptoglobe.s3.eu-west-2.amazonaws.com\/2021\/08\/ADAUSDT_2021-08-18_12-07-28-1280x582.png\")