DailyCoin
Published Oct 07, 2021 10:00AM ET
Post-Alonzo Update: Cardano Yet to Support Full dApps
The Cardano Alonzo launch generated some of the most buzz in the crypto industry. Finally, we thought that the Cardano network was ready to support smart contracts and dApp functionality. The event marked a creative turning point for the Cardano Network.
The IOHK team has even launched a Cardano dAppStore, promising to bring quality assurance to users. For quality assurance, the Cardano dAppStore allows users to review, upvote, and even certify programs. The Cardano dAppStore should mean Cardano is ready for dApps. But is it really ready?
IOHK Launches the Cardano dAppStore
Since its launch, Cardano has built a reputation for being an excellent development-driven project, and its dAppStore didn’t disappoint. The dAppStore was unveiled on September 25 at the Cardano Summit.
The Input-Output Hong Kong (IOHK), the development team behind Cardano, created the dApp store to avoid the network’s haphazard and random creation of dApps. According to IOHK, the store was created to aid navigation and, more importantly, act as a “quality assurance” mechanism.
According to the IOHK, the store will display both certified and uncertified dApps. However, a certified dApp has the added assurance of being put through a series of tests to verify its soundness as a protocol. While this undoubtedly solves a lot of problems, does Cardano Network now house dApps?
Why Isn’t Cardano Launching Any dApps?
Given all the buzz, users expected the launch of Alonzo to kickstart a bullish outbreak for the native token, ADA. However, there has been growing frustration among community members. One user on Twitter (NYSE:TWTR), @Niccens_Auso, wrote;
Cardano is easily the most frustrating coin to hodl...Given all the buzz, users expected the launch of Alonzo to kickstart a bullish outbreak for the native token, ADA. However, there has been growing frustration among community members. One user on Twitter, @Niccens_Auso, wrote;— SafemoonMayhem (@Niccens_Auso) September 26, 2021
Giving $ADA and then the manipulator sell $ADA in Cardano summit. So clever, pump ADA then dump.The increasing frustration among community members is due to the fact that the Cardano Network cannot support dApps or real dApps yet. Although Cardano completely supports smart contract functionality, some of the toolings required for dApps, applications to run through a web browser, are missing on the network.— OQS (@OQS01147599) September 26, 2021
What Can Cardano Do?
The solution would be for Cardano to continue what it has excelled at, development. For dApps to be launched on the network, Cardano would need to implement the following features:
On The Flipside
The 24-hour price chart of Cardano (ADA). Source; Tradingview
Why You Should Care?
Cardano is one of the biggest blockchain projects and is expected to grow even more with smart contracts. When dApps fully launch, perhaps the network will explore its full potential.
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