IOHK, the developer of the Cardano network, has unveiled the CIP-35 proposal for Plutus smart contracts, which should help speed up transactions.
According to information published by the Cardano core development team, the CIP-35 proposal aims to improve the core platform for Plutus – the Cardano smart contract language – as well as the interface pages. Shortcuts should be added to the system, with the help of which developers using the Cardano blockchain will be able to make changes to their codes and update them, choosing the shortest path for this. In addition, CIP-35 is designed to increase the speed of Plutus smart contract updates, which in turn should speed up transaction processing for all protocols connected to the network.
The Cardano blockchain is often criticized for being slow to roll out updates, especially those related to smart contract functionality. There are opinions that this blockchain should not use smart contracts to create decentralized applications. In response, the IOHK team says it only launches updates after carefully assessing their impact on the ecosystem, as the company is not prepared to compromise the security of the Cardano network.
Despite this, Cardano user activity is growing. Last year, IOHK CEO Charles Hoskinson revealed that more than a hundred companies are already preparing to move from Ethereum to Cardano. And in early February 2022, the total number of addresses on the Cardano network exceeded 3 million, up 500,000 in less than a month and a half.
Recall that in November, Cardano developers announced that they would increase the block size to 72 KB to increase network bandwidth and process more transactions per second.
