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With the integration of smart contracts functionality into the Cardano (ADA) network, there has been a noticeable surge in growth metrics, propelling the network towards competing with well-established platforms like Ethereum (ETH). As of December 26, the Plutus smart contracts platform on Cardano hosted 14,302 smart contracts (both V1 and V2 combined). This figure reflects an impressive growth of over 200%, surging from 4,731 smart contracts recorded on January 1, according to data obtained from Cardano Blockchain Insights . Number of ADA smart contracts as of December 26. Source: Cardano Blockchain Insights Significantly, the upsurge in Cardano’s smart contract count aligns with intensified network development efforts focused on improving the feature’s functionality. Cardano reports that the team has recently concentrated on expanding script capacity with the introduction of the Plutus V2 Cost Model network upgrade, which was implemented on the Cardano mainnet ...

Trust — white hat hacker and head of smart contract auditing firm Trust Security — shed some light on a peculiar feature of the smart contract powering PayPal’s new stablecoin PYUSD. In a recent tweet, Trust pointed out that they have “seen a lot of dunking on PayPal for using an ancient Solidity compiler.” Seen a lot of dunking on @PayPal for using an ancient Solidity compiler. Here's why I think it is actually a 200IQ move! pic.twitter.com/jYN5eRNiNT — Trust (@trust__90) August 8, 2023 As pointed out in a recent article, an Analysis of the smart contract revealed that the company used Solidity compiler version 0.4.24. Considering that version 0.4.24 of Solidity was released on May 16, 2018, shows that the version chosen by PayPal was ancient indeed. Still, this is not necessarily a bad thing. Trust explained that when choosing a Solidity compiler version, a programmer is looking for a compromise with the latest versions guaranteeing lower gas ...