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The upgrade, called Plutus, is part of the larger Alonzo Upgrade.
Plutus will bring a number of improvements, including Plutus-powered smart contracts.
Cardano (ADA), a popular development platform and one of the largest Ethereum rivals, already published several updates over the past few months, which did not only bring new capabilities to its network but also caused its price to surge. Now, the project is preparing to launch yet another major update that will bring smart contracts through Plutus — the project’s native language.
Recently, IOHK released a blog post with more information about Plutus, explaining that its contracts will consist of parts that run on-chain, as well as those that run off-chain on users’ machines. The blog post further revealed that both parts are written in Haskell programming language, but are compiled by Plutus.

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,Unspent Transaction Output ,Plutus Core ,Plutus Application Framework ,Mary Upgrade ,

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