Hoskinson announced that critical stress tests of Cardano’s smart contracts are scheduled in Q1 2021.
Charles Hoskinson, CEO of Input Output Hong Kong software development studio responsible for Cardano (ADA) blockchain advancement, shares the roadmap for Plutus platform stress tests. Smart contracts in Cardano (ADA) will be open source from March 2021.
Smart contracts in Cardano (ADA)
According to Hoskinson, Plutus, a smart contract environment unique to Cardano, will be ready for stress tests in March 2021.
For the March stress test of plutus, once we've retained the companies, I'll announce them and the challenge programs, we will also open source all their code. Later, I'll try to find some canonical design patterns and best practices from it. Going to be a fun test
— Charles Hoskinson (@IOHK_Charles) January 19, 2021
Next, the canonical “design models” of Cardano’s smart contract use and best practices for ADA-based decentralized applications (dApps) will be explained. Hoskinson is confident that the upcoming test will be “fun”.
Many developers will replace Ethereum (ETH) with Cardano (ADA) as a core smart contract ecosystem for their dApps. For example, flagship blockchain AI project SingularityNET announced such a plan in September 2020.
Cardano (ADA) in 2021
Cardano (ADA) is on its way to the Goguen era, with complete decentralization and smart contracts functionality. Staking increases decentralization. The focus is on “fair” distribution of staking rewards rather than large-scale pool dominance.
Cardano (ADA) is constantly increasing the “k-parameter”, the basic criterion of decentralization, to prevent them from gaining enormous influence. All pools that are very greedy are immediately placed in the “saturated” category in order to be downgraded.
The date Cardano (ADA) will launch its first decentralized financial protocols (DeFis) is 2021. IOHK curates a Project Catalyst that supports early stage products. Many of these products appeal to the DeFi field.