Cardano’s Alonzo Fails to Support Decentralized Applications (DApps)
Weeks after the launch of the much-anticipated Alonzo on Cardano blockchain, it is yet to support decentralized applications (DApps). In the months that led to its launch, Cardano touted Alonzo as an update that will bring smart contract functionality and enable the creation of DApps and non-fungible tokens (NFTs) on the blockchain. However, it has been discovered that Alonzo only ticks two boxes out of the three use cases that were presented before the community.
Following this discovery, there are indications that Alonzo lacks three key features that would have supported decentralized applications on it. These features include the Plutus Application Backend, dApp connector and an ERC-20 converter. Despite generating a huge momentum before and at the time of its launch, Alonzo has failed to meet the expectations of the Cardano community.
Cardano Disappoints Developers, Fails to Provide Complete DApps Tools
Outlining the function of each key feature, the Plutus Application Backend will allow decentralized applications to interact with the smart contracts that run on the blockchain. It will also come in handy while managing the requirements of off-chain applications. Although a version of the Backend function was deployed during the launch of a DApps store by Cardano, it is yet to receive full integration.
The dApp connector will enable decentralized applications to interact with wallets. However, this is yet to be integrated into Cardano. A certain developer lamented the absence of this functionality in a tweet stating that Cardano had issued no date as to when the connector will be deployed. The third key feature, the ERC-20 converter, which will enable the ERC20 tokens to be converted according to a format that is compatible with the blockchain.
Alonzo Launch Uneventful for ADA
Alonzo’s launch was not a smooth sail. As much as it generated massive hype, the controversy that trailed its launch was also huge. After waiting with bated breath coupled with the expectations that Alonzo will trigger a staggering price increase beyond the $3 mark that is still the all-time high for ADA, members of the community were frustrated that ADA was rather declining. The native token fell by 13% on Alonzo launch date. To date, ADA is yet to cross its all-time high.
Things seem to be looking up for ADA recently. Over the last 24 hours, ADA has risen by 8%. As of press time, ADA was up by 2.3% and exchanging hands at $0.23. The native token has retained its support as the number 3 coin in the world behind Ethereum and Bitcoin. Perhaps the missing features are onboarded on Cardano, ADA will make a move beyond $3.
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