Cardano-based Smart Contracts Surpass the 3,000 Mark for the First Time

Jim Haastrup
1 Min Read

With the latest update to its blockchain in September 2021, Cardano can now provide faster scalability and performance.

The recently proposed Vasil hard fork has allowed Plutus Scripts, an ADA-based smart contracts platform, to hit over 3,000 smart contracts.

Cardano Plutus smart contracts
Cardano Plutus smart contracts | Source: Cardano Blockchain Insights 

The graph shows the number of Plutus-based smart contracts now operating on the Cardano blockchain. As of August 2, the number of smart contracts stands at 3,015.

Thanks to its Alonso hard fork, the Cardano blockchain is now an excellent platform for developing Defi applications and programmable logic.

Charles Hoskinson, Cardano’s founder, has spoken out against those who say that the planned deployment of their Vasil hard fork could be detrimental to smart contract functionality.

The founder of the network has assured that smart contracts are compatible with their changes, eliminating any need for re-writing.

The founder of this company has come out to assure customers that their funds are safe and the project will continue as planned. He called these so-called “trolls” who spread misinformation about it, stressing how they’re just stupid people doing nothing but spreading FUD (fear uncertainty doubt).

 

 

 

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Jim Haastrup is a blockchain and technical writer at Voice of Crypto, where he covers cryptocurrency, NFTs, DeFi, GameFi, and the Metaverse. Before joining Voice of Crypto in 2022, he spent over three years as a senior technical writer across multiple blockchain projects, including Hashtoken, Naxar, and Bino, where he specialized in whitepapers, technical documentation, and content strategy for decentralized finance applications. Jim began his career as a junior technical writer at RM in Canada before advancing to lead technical writing roles at Bulltoken, a cryptocurrency crowdfunding platform in Norway. Throughout his career, he has authored more than 800 articles and collaborated with development teams to translate complex blockchain protocols into accessible content for diverse audiences including developers, investors, and crypto enthusiasts. His work spans ICO/STO/IDO research and analysis, cryptocurrency market trend forecasting, and social media management for crypto brands. Jim has helped numerous startups build their online presence through strategic content marketing, technical whitepapers, and pitch deck development. Jim graduated from the Federal University of Agriculture, Abeokuta (FUNAAB), Nigeria with a Bachelor of Engineering in Electrical Engineering in 2021. Disclosure: No significant crypto holdings.