Cardano founder explains what users should expect from the upcoming Hard Fork Vasil.

On April 12, Charles Hoskinson, founder of Cardano, posted a “summary video” on his YouTube channel, explaining the new update that will improve Cardano after the “Vasil” hard fork.

Earlier in the video, Hoskinson said he was preparing for the upcoming Consensus 2022, which will take place in Austin, Texas on June 9-12. There, she hopes to show the cryptocurrency community and Cardano enthusiasts that IOHK and the Cardano development team are “open to business.”

“We are there and we are trying to get a lot of people to come and set up stands there and chat, and of course we will have a specific event for Cardano during the Consensus.”

Additionally, Mr. Hoskinson announced that the Vasil hard fork (named after his late friend and ADA Ambassador Vasil Dabov) will take place in June and will bring a “huge performance boost to Cardano”.

“As many of you know, a major combinatorial hard fork event will take place in June, this is Vasil’s hard fork and will contain pipeline [l’un des piliers soutenant la mise à l’échelle de Cardano], which will be a huge performance boost for Cardano. “

What changes can the Hard Fork make?

Hoskinson previously explained that this new hard fork will introduce several scaling improvements, including “pipelining, new CIP Plutus, UTXO disk storage, and Hydra. On the same topic: The best cryptocurrency to buy and keep in your Wallet: Zoom on Ethereum (ETH). “

“Together with parameter tuning, these capabilities will improve Cardano’s throughput and optimize the system to suit a growing range of decentralized finance (DeFi), smart contracts and DEX applications. “

Along with these changes, the Cardano IOG team is working to bring new products and features to their users, such as a DApp store, a new lightweight wallet, and bridge to move tier 1 mainchain assets into distinct side chains.

These sidechains will allow for the creation of decentralized exchanges where users will be able to trade their ADAs for BTC and vice versa via incorruptible smart contracts, thus preventing any possibility of scams.

The Cardano team is working “on extremely aggressive times”.

According to Hoskinson, the Cardano team has hundreds of engineers working “on wildly aggressive timelines again,” contrary to many media reports. See also: Shiba Titans is partnering with Lamina Studios to develop its Metaverse and announces the private sale of its native token..

“If you listen to the media crypto, if you listen to Cardano’s detractors, they seem to believe that Cardano does not exist. This is just a super elaborate scam and nothing has been built and implemented. ”

On the other hand, he indicated that on 17 and 18 May a team of developers from Cardano and third-party organizations will meet in Barcelona to discuss the centrifugation levels of smart contracts and to detail the accreditation process for the different portfolios and the project. infrastructure.

Managing an important project like Cardano is not an easy task. Hoskinson said that as founder, he strives to provide universal solutions that not only scratch the surface of a problem, but address its root cause.

💎 Open a free account to invest in cryptocurrencies!

CoinHouse allows you to easily invest in cryptocurrencies. Creating an account is free and takes only a few simple steps.

📈 Exchange cryptocurrencies online in just a few clicks!

eToro allows you to easily trade cryptocurrency online. Creating an account is free and very simple.

68% of retail investor accounts lose money when trading CFDs with this provider. You should ask yourself if you can afford to take the high risk of losing your money. EToro users in France cannot open positions to buy real cryptocurrencies, all orders are opened as CFDs.

Thomas Estimbre’s most recent articles (see all)

Leave a Reply

Your email address will not be published.