Cardano Creator Refutes “FUD” About Smart Contracts

Cardano

Cardano’s smart contracts will still function properly after the Vasil upgrade, according to Charles Hoskinson

Input Output CEO Charles Hoskinson took to Twitter to refute fear, uncertainty and doubt (“FUD”) regarding Vasil’s upcoming hard fork, saying blockchain smart contracts will still work after the implementation of the long-awaited upgrade.

On Wednesday, some Twitter users started claiming that Cardano’s smart contracts are incompatible with the Vasil hard fork, which is why they have to be rewritten. Tim Harrison, vice president of community and ecosystem at Input Output, was quick to push back against these rumors. He explained that current decentralized applications (dApps) that use the first version of the Plutus smart contract platform will still be compatible after the Vasil upgrade. Those developers who want to take advantage of all the enhancements offered by Plutus V2 will have to utilize and deploy them in their applications. They may also want to undergo a fresh audit due to significant code changes.

Cardano finally launched smart contracts during the Alonzo hard fork rollout in September. The event pushed the native ADA token to new all-time highs.

The Vasil hard fork is expected to further improve the Plutus script with the addition of reference inputs, inline datums, and reference scrips.

As reported by U.Today, the Vasil upgrade went live on the Cardano testnet in early June.

Vasil’s mainnet launch is now expected to take place at the end of this month.

Earlier this week, Hoskinson tweeted that the launch of the hard fork will lead to a new wave of activity on the blockchain.

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