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Introduction  Blockchain is contributing to various industries through its decentralized and transparent solutions. The advancements in the development domain have had a transformative shift on developers and communities. The Benefits of blockchain extend beyond decentralization. Itve saves the time taken for the transaction and doesn’t need any third-party verification, reducing fraud and cyber-attack risks. As a developer, understanding how to build blockchain applications is valuable, especially when using powerful tools like Plutus. Plutus is a smart contract platform on the Cardano blockchain. It offers a robust framework for developers to create secure and efficient decentralized applications (DApps). What is Cardano? Cardano A blockchain platform launched by Charles Hoskinson (co-founder of Ethereum)in 2017. Cardano is a third-generation platform, often considered an alternative to Ethereum, a second-generation platform. It uses a proof of stake mechanism which is more efficient than the traditional ones. Cardano has its own cryptocurrency ADA, named after Ada Lovelace. It has two separate layers, one that handles the transactions and accounts whereas the other is used to manage the smart contracts and computation. Cardano aims to create a blockchain platform that is more secure, scalable, and adaptable than its predecessors and is being used in various applications, including supply chain management, digital identity verification, and financial services in emerging markets Plutus Plutus is a programming language used to write Cardano-based smart contracts. Plutus is based on Haskell which is a functional language. As a developer, you don’t need to write the Plutus Core rather all the scripts will be generated by a Haskell compiler plugin. Plutus supports Formal verification which provides a way to prove the correctness of a program using maths. Hence enhancing the security and reducing the probability of any bugs in the smart contract. Plutus is natively integrated into the Cardano blockchain, allowing developers to…

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Filed under: News - @ September 14, 2024 7:25 am