tl;dr
Input Output Global, a blockchain R&D company, has released Plutus V3 for testing on SanchoNet, a Cardano smart contract platform upgrade. Plutus V3 introduces advanced cryptographic capabilities, efficiency enhancements, and new crypto primitives to broaden blockchain applications. The upgrade aims...
Input Output Global, a blockchain R&D company, has released Plutus V3 for testing on SanchoNet, a Cardano smart contract platform upgrade. Plutus V3 introduces advanced cryptographic capabilities, efficiency enhancements, and new crypto primitives to broaden blockchain applications. The upgrade aims to provide developers with sophisticated tools, optimize smart contract performance, and foster a more vibrant and accessible ecosystem for blockchain innovation.
Plutus V3's enhanced cryptographic primitives, including BLS12-381 curve pairing, Blake2b-224 hash function, and Keccak-256 hash function, bring Cardano in line with industry standards, bolstering security and efficiency while facilitating a wider range of applications. Additionally, sums of products (SOPs) reduce script size and cost by 30%, and the inclusion of CIP-58 bitwise primitives allows for low-level bit manipulations, paving the way for more efficient algorithms and data structures on Cardano. The incremental deployment strategy ensures a smooth integration of new features without necessitating new language versions for each upgrade. This move underscores the potential of blockchain technology to drive transformative solutions across industries.
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