Plutus V2 increases operational efficiency of dApps
The Plutus V2 cost model network upgrade went live on the Cardano mainnet on September 27th, five days after the Wassil upgrade was launched.
The Plutus V2 Cost Model network upgrade, per the Cardano team, increases the operational efficiency of dApps (decentralized applications).
Speaking of Plutus, it is the smart contract platform of the Cardano blockchain that allows applications to be written that interact with the blockchain.
Plutus Core is a scripting language used in the Cardano ledger. September’s Vasil upgrade brought about a new version of Plutus Core (Plutus V2), a tuned Plutus interpreter and new cost models for both Plutus V1 and Plutus V2 scripts.
The Cardano network reached the important milestone of 3,000 Plutus scripts in early August and has shown no signs of slowing down since then.
On Sept. 22, the date of the Vasil hard fork, the number of smart contracts or Plutus scripts stood at 3,292. According to the most recent weekly report compiled by Cardano builder IOG, the number of Plutus scripts is 4,347, of which 400 are Plutus V2 scripts.
Currently, there are 1,151 projects in various stages of development on the Cardano blockchain. 7.2 million native tokens have also been created in 66,530 policies. The total number of transactions now stands at 56.3 million.
Cardano’s decentralization drive
In a thread of tweets shared by crypto researcher Sooraj, Cardano remains at the forefront of research and the development of an objective decentralization measurement framework: the Edinburgh Decentralization Index (EDI).
The EDI is an index developed by the University of Edinburgh to measure the level of decentralization of public blockchains.
