Cardano inventor Charles Hoskinson explained in a recent YouTube post why the upcoming Vasil hard fork will be “huge”.
Cardano founder explains what users will find in the upcoming Vasil hard fork
On April 12, Cardano founder Charles Hoskinson on his YouTube channel to make Cardano better after “Vasil” hard fork released a “summary video” explaining the new update that will bring At the beginning of the video, Hoskinson stated that he is preparing for Consensus 2022, which will take place June 9-12 in Austin, Texas. With the upgrade, he hopes to show the crypto community and Cardano supporters that IOHK and the Cardano development team are “open for development.” Part of the video states:
We’re there and we’re trying to get a lot of people to come and stand and speak, and we’re obviously hosting a Cardano special event at Consensus.
Additionally, Hoskinson said that the Vasil hard fork (named after his late friend and ADA ambassador Vasil Dabov) will take place in June and that “a big performance boost to Cardano.”
As many know, a major major hard fork combiner event is taking place in June, the Vasil hard fork, and this will involve the pipeline (one of the pillars supporting Cardano’s scaling). A tremendous performance boost for Cardano.
What does the hard fork change?
Hoskinson previously announced that this new hard fork will bring several scaling improvements such as “pipeling, new Plutus CIPs, UTXO on-disk storage and Hydra”:
These features along with parameter adjustments will increase Cardano’s throughput and optimize the system to host an increasing array of decentralized finance (DeFi) applications, smart contracts, and DEXs.
In addition to these changes, Cardano’s IOG team has provided its users with a DApp store, a new light wallet, and permissions to migrate assets from main layer 1 blockchains to separate side chains. It is working to introduce new products and features such as bridges. These side chains will enable the creation of decentralized exchanges through indestructible smart contracts, where users can exchange their ADA for BTC and vice versa, thus preventing the possibility of fraud.
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