![\"Cardano-based](\"https:\/\/finbold.com\/app\/uploads\/2022\/08\/Cardano-based-smart-contracts-surpass-the-3000-mark-for-the-first-time-1024x682.jpg\")
<\/div>\nThe Cardano (ADA) network had a significant update in September 2021, which included the incorporation of smart contract functionality, making the blockchain capable of faster scalability and performance.<\/p>\n
With the latest Vasil hard fork on the horizon, Plutus Scripts (a Cardano-based smart contracts platform) has hit over 3,000 smart contacts. According to data acquired by Finbold<\/a>, the number of smart contracts on Cardano reached the 3,002 mark on August 1, as per statistics<\/a> from Cardano Blockchain Insights<\/em>.<\/p>\n In particular, the graph represents Plutus-based smart contracts that are now operating on the Cardano blockchain; as of August 2, the number of smart contracts stands at 3,015.<\/p>\n Specifically, the Alonso hard fork allowed Cardano to provide a decentralized finance (DeFi<\/a>) application development platform and programmability to the developer community.<\/p>\n With the impending Vasil hard fork, Charles Hoskinson, the founder of Cardano, provided a response in reply to claims that the planned deployment of the Vasil hard fork may be detrimental to the smart contract functionality of the network.\u00a0<\/p>\n In July, Hoskinson said that the network has taken the necessary safeguards to assure that smart contracts are compatible with the changes, hence eliminating the need for re-writing.\u00a0<\/p>\n He said that the assertions were brought forth by so-called \u201ctrolls,\u201d whom he referred to as \u2018stupid\u2019<\/a> and accused of spreading \u2018FUD\u2019<\/a> while stressing that the smart contract will continue to operate as intended.<\/p>\n On August 1, Hoskinson reassured users that he does not anticipate further delays<\/a> with the Vasil hard fork and that the upgrade is undergoing final testing.<\/p>\n The Carfano creator noted things are moving in the right direction \u2018steadily and systematically.\u2019\u00a0<\/p>\n \u201cWe\u2019re kind of in the final stages of testing in that respect. So unless anything new is discovered, I don\u2019t anticipate that we\u2019ll have any further delays.\u201d<\/p>\n He added that only a few \u2018edge situations\u2019 need to be fixed, and the Cardano team will hopefully be ready to deliver an update with more news around the middle of August.<\/p>\n![\"\"](\"https:\/\/finbold.com\/app\/uploads\/2022\/08\/Screenshot-2022-08-03-at-09.35.24.jpg)
Cardano founder handles the critics\u00a0<\/h2>\n
Vasil hard fork progress<\/h2>\n