Cardano parent company Input Output HK has unveiled the Plutus V3 engine as it looks to enhance performance on the Proof-of-Stake (PoS) network.
Cardano Plutus V3 Is Designed to Enhance Smart Contract Functionalities
According to the announcement, the new ledger language has been made available for testing on SanchoNet. Noteworthy, Cardano has been mulling the idea of this upgrade amongst many others for a very long time. It was strongly touted that these improvements would pivot the protocol to a new trajectory than it had previously experienced.
At the time, Cardano was considering rolling out the Chang Hardfork together with the Plutus V3 upgrade. The plan was to unleash them by the first half of 2024 to herald significant advancements in Cardano’s infrastructure and capabilities. Charles Hoskinson, the founder of Cardano termed the upgrades as monumental steps for the protocol.
Introducing PlutusV3 – a new ledger language now available for testing on #SanchoNet.
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