Hoskinson Clarifies What ADA Users May Expect from Upcoming Vasil Upgrade

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Cardano founder Charles Hoskinson clarifies why he sees the awaited Vasil hard fork as a ‘major’ move for the platform and its users.

Cardano CEO Charles Hoskinson posted a YouTube on 12 April, explaining the upcoming Vasil upgrade. The hard fork aims to improve the Cardano network. Hoskinson started the video by revealing his preparations for the coming 2022 Consensus, which will happen in Austin, Texas, between 9 June and 12 June. He plans to use the platform to show Cardano fans and the cryptocurrency community how the ADA development team and IOHK are ready for business.

Hoskinson added that the Vasil upgrade would occur in June this year and introduce high-end performance to the ADA blockchain. The upcoming hard fork found its name from Hoskinson’s friend and Cardano ambassador, Vasil Dabov.

The founder termed the Vasil fork as a ‘major, major, major’ upgrade that would contain pipelining, which is among the pillar supporting ADA scaling, ensuring a massive and improved performance for the Cardano platform.

What Changes to Expect?

Hoskinson had clarified that the new upgrade would bring multiple scaling improvements, including pipelining, Hydra, UTXO on-desk storage, and new Plutus CIPs. He added that combining parameter adjustments would have the features enhancing ADA’s throughput and optimizing the network to accommodate a surged range of DeFi apps, DEXs, and smart contracts.

Besides these changes, ADA’s IOG team works on new features and products for users, including a Dapp store, a lightweight wallet, and bridges that support assets’ moving from the primary layer1 chain to other sidechains. The sidechains would support DEXs creation where investors can exchange ADA for Bitcoin and vice versa via incorruptible ‘smart’ contract, preventing potential scams.

ADA Team Working on Aggressive Timelines

Contrary to media reports, Hoskinson stated that the ADA team has many engineers working on aggressive timelines.

Cardano founder added that ADA developers and 3rd-party organizations would conference in Barcelona from 17 May to 18 to debate ‘smart’ contracts’ centrifuge and discuss the accreditation procedure of the project’s infrastructure and various wallets.

Operating enormous projects such as Cardano isn’t an easy task. Hoskinson stated that he attempts to offer universal solutions that solve day-to-day challenges for investors.


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