IOG Confirms Cardano Smart Contract Platform, Plutus Launch Date
The much anticipated mainnet launch for Cardano’s smart contract platform, Plutus, has been confirmed for next Sunday, September 12th, 2021. Cardano developer Input-Output Global (IOG), made the announcement via its Twitter.
LAUNCH CONFIRMED: Today, around 17:26 UTC we successfully submitted an update proposal to the #Cardano mainnet, to trigger a hard fork combinator event on Sunday 💪🙌 #Cardano$ADA 1/6 pic.twitter.com/rEtjrdGiBV
According to the announcement, IOG has submitted an update proposal. This will trigger the third and final Hard Fork Combinator (HFC) event for Cardano to fully implement smart contract capabilities. IOG said:
“The Alonzo HFC event will be the most significant upgrade yet, laying the firmest of foundations for an exciting new era of smart contracts on Cardano.”
The developer also noted that Plutus will deploy the unique HFC technology to integrate into Cardano.
The company thanked the community, and partners for the support as it concludes the final testing phase for Plutus, adding:
“We’re on our way. Remember, this may be the end of one long journey. But it’s the start of an exciting new phase in our development as a smart contracts network. We’ll have lots to share over the months ahead as our exciting ecosystem continues to grow.”
Cardano developer will host a Livestream on Sunday, as a celebration of the achievement. Therein, the team behind Plutus will share information about it and its potential, as the company prepares for the Cardano Summit.
Rumors About Cardano Smart Contracts
Rumors about Plutus emerged last weekend on social media platforms, such as Twitter and Reddit, saying that Cardano was unable to process enough transactions to sustain their smart contracts.
IOG, as always, was quick to respond, highlighting the benefit of its Unspent Transactions Output (UTxO) blockchain model. The developer addressed the concerns about transactions saying it’s part of the developers to design their dApps with multiple UTxOs and “more parallelism”. IOG added:
“The specific flavor #Cardano uses is the eUTxO – or extended model which we believe offers greater security, allows for fee predictability (no nasty surprises…) and offers more powerful parallelization.”
The creator of Cardano, Charles Hoskinson, also replied to the rumors on Plutus, and their transaction blockchain model. Hoskinson tweeted:
“As expected, there is a massive FUD storm underway. We saw the same with Shelley last year. It’s nothing new. Just people wanting to burn down what they don’t understand or feel threatened by. September 12th is a big day, but just a day on a long journey we are all on together.”
As expected, there is a massive FUD storm underway. We saw the same with Shelley last year. It's nothing new. Just people wanting to burn down what they don't understand or feel threatened by. September 12th is a big day, but just a day on a long journey we are all on together.
