Following the successful Alonzo hard fork, the Cardano network now has a large swathe of new smart contracts. However, developers must wait to use them as they are locked in a timelock contract. At the time of writing, metrics show an aggregate total of 2,352 smart contracts since the Alonzo upgrade was implemented.
Cardano Has More Than 2,300 Smart Contracts Waiting to Be Deployed
The Cardano (ADA) network upgraded last week and since then the most topical conversation among ADA proponents is smart contracts. The use of smart contracts on the Cardano network has been a holy grail of sorts for ADA fans and even skeptics.
Critics have wondered why ADA has been the third-largest crypto asset by market capitalization well before the protocol had smart contract capabilities. Meanwhile, networks like Terra, Avalanche, Solana, Binance Smart Chain, and more have been gathering steam as they already have compatibility with Ethereum and smart contract benefits.
Image via smartcontracts.vercel.app.
Data shows on September 17, 2021, there are now 2,352 smart contracts introduced to the Cardano protocol, but right now the contracts are unusable and are locked in a timelock contract.