Cardano is working on bringing an effective solution to the on-chain time handling based on validity range and slot range.
Here’s how smart contract and scalability solutions like Plutus, Marlowe, and Hydra can handle this effectively.
The Cardano blockchain recently published detailed reports regarding the time handling done by the Ouroboros consensus protocol. The protocol propagates minted blocks to all the nodes in the system, in a timely manner. As a result, time requires the construction of a globally acceptable representation for consensus.
In the latest blog post, Cardano’s parent group Input Output Global (IOHK) explains how the Plutus scripts can do time handling in an effective manner. The Plutus scripts will get access to the transaction validity range as defined by its creator.
The creator gets the flexibility to define the validity range such that any transaction will be valid from slot X to slot Y. It will leave either one or both the bounds undefined. But it also br

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