Cardano (ADA) creator Charles Hoskinson is revealing what’s next for the Ethereum (ETH) rival’s blockchain after the highly anticipated Vasil upgrade.
In a new video, Hoskinson confirms the release date of the Vasil hard fork, an upgrade that aims to increase the scalability of Cardano.
“This is one of the long ones, probably the hardest update we’ve ever had to do as an ecosystem. If we’ve all done our jobs right, we’re going to wake up on September 22nd, and it will be just another day. That’s the magic and power of the Cardano ecosystem.”
Once the big Vasil update is up and running, Hoskinson says Cardano will continue evolving.
“Moving forward, there’s going to be a big retrospective on how do we do things better. There’s also going to be a deep conversation about the overall architecture of Cardano as it is, and how we take it to the next level to make it more useful, portable, scalable and better for everybody.
A lot of CIPs (Cardano Improvement Proposals) are coming. Some CIPs are related to Voltaire and governance. Some CIPs [are] related to Basho and scalability, and there’s a lot of cleanup that needs to be done as we hand it over from one steward role to a members-based organization, and then participate with you guys in that capacity. So that’s what 2023 is really about.”
The creator of the smart contract platform also says that the Vasil upgrade brings Cardano closer to its ultimate goals.
“It’s becoming more clear that the distance between us and everyone else is growing. We built Cardano to be the financial operating system of the world. We built it to bank the unbanked. We built it as a community to give economic identity to those who don’t have it so we can have one global fair marketplace. It’s a crazy mission, and it feels vast in scope but with Vasil coming in September 22nd, it feels that much more achievable.”
At time of writing, Cardano is swapping hands for $0.47, up nearly 6% on the day.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxFeatured Image: Shutterstock/Roman3dArt