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$1.57 -3.93%
ADA · 1w

Cardano’s smart contract upgrade didn’t go smoothly ??

Before I start investing into the project, I am reading online some articles about Cardano. I found one that caliclaimsmes that: Cardano Smart Contracts  >One of the most common critiques of Cardano is its non-existent DeFi ecosystem. Since its release of smart contracts on September 12th 2021, investors are hoping to see an ecosystem be built-out soon. However, Cardano’s smart contract upgrade didn’t go smoothly, with its price dropping after applications were unable to operate on the new software. > >Cardano smart contracts will run on the Cardano computation layer, which will support legacy Solidity contracts as well as its own language, [Plutus](  [source]( ​ 1. Is that true? 2. What happened? 3. how was it solved? 4. Will DeFI be available soon?
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