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Cardano’s VASIL Hard Fork To Add Immense Amount of Utility

Posted on by admin
26
May
  • Some believe that the Vasil upgrade will push Cardano to new heights this summer.
  • The VASIL hard fork will be implemented in Cardano to provide a huge amount of utility.
  • VASIL will increase the block-size limit to fit more transactions per block.

The Cardano and Plutus smart contract platforms, which are both based on ADA, are set to get a major boost in June with the debut of the Vasil hard fork.

The Cardano development team is seeking innovative scaling methods just like every other popular blockchain. Ethereum, with its scaling difficulties, is looking to layer two solutions, such as Optimism and Arbitrum. These protocols may potentially scale Ethereum to hundreds of thousands of transactions per second.

Cardano is planning to scale its base protocol through sharding without compromising decentralization or security. The VASIL hard fork will be a major milestone in Cardano’s scaling efforts as it will enable Vertical and Horizontal Scaling In Layers (VASIL).

In a recent tweet by a crypto influencer big pey, they said that “the VASIL hard fork is going to be a big deal for Cardano.” They further added that “it will allow full-scale smart contracts on Cardano.”

Cardano is currently the fifth-largest cryptocurrency by market capitalization and is well on its way to becoming a top three project. The VASIL hard fork will make Cardano even more attractive to enterprises and developers as it will provide them with the necessary scalability solution.

The team behind Cardano is also working on other important upgrades, such as Ouroboros Genesis – a major network upgrade that will enable Cardano to move from a proof-of-work (PoW) consensus algorithm to a proof-of-stake (PoS) consensus algorithm.

The Ouroboros Genesis upgrade is also scheduled for this summer, and it will make Cardano the first production blockchain to use a PoS consensus algorithm.

The Cardano community is eagerly awaiting these upgrades as they will make Cardano one of the most scalable and user-friendly smart contract platforms in the industry.

The upgrade to increase the block size limit is also a welcome change as it will allow more transactions to be processed per block. This is important for any blockchain that wants to scale to enterprise levels.

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