The Alonzo upgrade marks a significant milestone in the Cardano journey, deploying base level scripting capability that will, in turn, enable further innovation and network development. It also starts the process of transforming a transactions & tokens based blockchain into a dynamic confluence of creativity, financial inclusion, and decentralized development.

Among the most exciting of the fresh developments enabled by Alonzo will be Hydra, a key layer 2 solution to further improve Cardano's scalability layering a new protocol on top of the existing layer 1 blockchain.

Here's David with more...