The crypto market is making efforts in order to recover following the latest corrections. Check out the following reports about the state of Cardano (ADA).
What’s next for Cardano?
Cardano (ADA) creator Charles Hoskinson recently revealed what’s next for the Ethereum (ETH) rival’s blockchain after the highly anticipated Vasil upgrade.
In a new video, Hoskinson confirmed the release date of the Vasil hard fork, an upgrade that aims to increase the scalability of Cardano.
“This is one of the long ones, probably the hardest update we’ve ever had to do as an ecosystem. If we’ve all done our jobs right, we’re going to wake up on September 22nd, and it will be just another day. That’s the magic and power of the Cardano ecosystem.”
Once the important Vasil update is up and running, Hoskinson says Cardano will continue evolving.
“Moving forward, there’s going to be a big retrospective on how do we do things better. There’s also going to be a deep conversation about the overall architecture of Cardano as it is, and how we take it to the next level to make it more useful, portable, scalable, and better for everybody.”
Regarding the price of Cardano, at the moment of writing this article, ADA is trading in the red, and the coin is priced at $0.50.
Hard fork upgrade new data is out
Input Output Hong Kong (IOHK), the team behind the Ethereum (ETH) challenger, says the update will go live on September 22nd.
“VASIL UPGRADE: DATE CONFIRMED.
Following the successful completion and extensive testing of all core components, plus confirmed community readiness, we along with [The Cardano Foundation] can today announce 22nd September for the Vasil upgrade on the Cardano mainnet.”
IOHK also made sure to say that the Vasil hard fork is the “most significant” Cardano upgrade yet as it will greatly increase the blockchain’s network capacity and lower transaction costs.