Thread by @InputOutputHK

#Cardano & its smart contract platform, #Plutus, are set to undergo significant enhancements in June’s HF.

This series of threads on @JohnAlanWoods’s Plutus explainer will help you understand:

Plutus Core
EUTXO
CIPs & improvements
Determinism, parallelism & concurrency

🧵⤵️

🤓Let’s start with what is Plutus Core:

Plutus Core is Cardano’s native smart contract language that is deterministic, verified, functional, and compact.

Providing a safe programming environment to create scripts with Haskell.

👉 Plutus Core scripts enable the creation of #DApps & multiasset support on the blockchain (ie anyone can create their own tokens)

How do we go from code to DApps?

🧑‍💻Developers write Haskell source code for a DApp using the Plutus Application Framework (PAF)

👉The code is compiled by the Haskell compiler and the Plutus Tx compiler plugin & translated into Plutus Intermediate Representation (PIR).

🤏PIR allows us to optimize the original source code, making the final DApp code faster and smaller.

⛓️The code moves to Untyped Plutus Core for it to be executed on-chain.

🤔So how do you interact with smart contracts using Plutus Core scripts?

Interacting with a Plutus contract differs from interacting with an Ethereum contract.

Plutus Core scripts don’t go on-chain until you use them in a transaction.

The current process involves:

writing code ➡️ compiling it ➡️ signing a tx with your private key ➡️ tx submitted on-chain ➡️ tx is executed

However, this process will improve with the June HF through CIPs we’ll discuss in an upcoming thread.

Curious to know more?

👉Check out the full technical briefing on #Plutus by @JohnAlanWoods on our YouTube bit.ly/3M1mlIS

Or
👉Jump into this thread by @Soorajksaju2

https://twitter.com/Soorajksaju2/status/1516097453996531713

In our next thread 🧵, we'll be taking a closer look into EUTXO, and how it differs from Ethereum's account-based model.

Stay tuned!