Published: 13.04.2022
Article reading time:
1 min.
The co-founder and head of IO Global, formerly known as IOHK, is confident that the Vasil hard fork planned for the summer on the Cardano network will significantly increase the performance of the blockchain.
Charles Hoskinson, in a video review on YouTube, said that the hard fork should take place, as previously planned, in a couple of months:
“Many of you know that the biggest update called Vasil is scheduled for June. The hard fork will add pipelining support to Cardano, which will give a significant increase in blockchain performance. Also in September, we plan to improve the Plutus platform for smart contracts.”
Previously, John Woods said that pipelining on the Cardano network is one of the main blockchain scaling features for this year. This is an update to the consensus protocol that will speed up the issuance of blocks.
According to the IntoTheBlock service, now two-thirds of investors in the ADA coin are suffering losses. However, analysts hope that with the launch of the Vasil hard fork, the cryptocurrency rate will go up, especially since a large number of decentralized finance applications expect this update to launch.
Source: Bits
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