On 22nd September, the much awaited upgrade on Cardano (ADA) network—Vasil hard fork—took place on the blockchain network. The move to upgrade the network is commendable from Cardano. This is due to odd timing of the event given the crypto bear market. Crypto winter has been so brutal that it made many crypto projects vulnerable.
Along with the bold move, the upgrade also brings some notable features on Cardano network that gives it an extra edge over the several competing blockchains.
Technology is meant to upgrade with time catering the changing demands and blockchain tech is no exception. The upgrades over a blockchain network meant to surge the price of relative crypto asset. In terms of Cardano, its native token ADA also expected to show some upward moves, which it failed to show though.
The instance of ADA token not performing up to the expectation came as no disappointment for Emurgo, prominent Cardano developer. This is given a massive developments fund on the network.
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