Cardano (ADA) is currently the eighth largest cryptocurrency by market capitalisation, with a supply cap of 45 billion coins. It is a peer-to-peer, proof of stake-based Blockchain developed by Charles Hoskinson, who is also one of the co-founders of the Ethereum Blockchain.
Last week, Hoskinson Tweeted about the progress of the Vasil Hard Fork upgrade. Vasil Hard Fork upgrade is expected to improve the network’s performance and Cardano’s Plutus smart contract programming language, which enables the creation of decentralised applications (dApps).
WHAT IS VASIL HARD FORK?
A Hard Fork is a radical change to a network’s protocol and creates a permanent divergence from the previous version of the Blockchain. Miners have to choose which Blockchain to continue verifying. Previously, Bitcoin cash was created by creating a Hard Fork on the Bitcoin Blockchain. The Cardano community has been awaiting Vasil’s upgrade, as it was expected to be in July previously.
The upgrade is expected to bring...
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