Wednesday, 17 April 2024

Crypto News

Cardano unveils Plutus V3 to empower developers 5 days to Pullix presale end

Cardano's ADA plots bullish patterns amid 25% Altsignals ASI staking rewards

  • Cardano introduces Plutus V3 engine, enhancing smart contract functionalities
  • Cardano (DA) price has surged following the launch of the new engine.
  • PLX token presale coming to an end, with $8,242,734 raised.

Cardano, a leading Proof-of-Stake (PoS) blockchain, has unveiled its highly anticipated Plutus V3 engine, aiming to revolutionize smart contract functionalities and drive developer innovation.

At the same time, Pullix, a new DeFi protocol, is gearing up for the listing of its PLX token on two exchanges once the presale comes to an end.

Cardano’s Plutus V3 Engine

The Plutus V3 engine, introduced by Cardano, is a significant upgrade poised to enhance performance and functionality on its PoS network. The engine is designed to augment smart contract capabilities and is set to drive intrigue among developers seeking advanced blockchain solutions.

The newly launched Plutus V3 engine brings forth enhanced cryptographic capabilities, including optimal algorithm usage, Ethereum porting ability, and sidechain bridging. Notably, the introduction of Sum of Products (SOPs), an efficient data coding method, aims to optimize script size and boost smart contract execution speed on Cardano.

Charles Hoskinson, the founder of Cardano, has expressed optimism about the monumental steps Plutus V3 will bring to the protocol. With a focus on interoperability with other blockchains, Cardano anticipates increased adoption, governance support, and overall network scalability.

Cardano (ADA) price reaction

The unveiling of Plutus V3 has not only sparked excitement among developers but has also led to a surge in the price of ADA, Cardano’s native cryptocurrency. On February 25, ADA witnessed a notable 24% price gain, currently trading at $0.623 with a 4.88% increase in the last 24 hours.

The broader spot Bitcoin ETF hype and sentiments surrounding Cardano Plutus V3 have contributed to this positive movement.

Pullix: innovative ‘Trade-to-Earn’ platform

While Cardano pushes the boundaries of blockchain technology, Pullix emerges on the…

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