On Friday (September 2), Charles Hoskinson, who is co-founder and CEO of IOG, the blockchain technology company behind Cardano’s research and development, spoke about what awaits Cardano after the Vasil update takes place. on the main network.
On December 10, 2021, IOG co-founder and CEO Charles Hoskinson explained that he would honor his Bulgarian friend and ambassador Cardano Vasil Stoyanov Davov, who sadly disappeared in his apartment in Plovdiv, Bulgaria on December 3, 2021 after a long battle. with pulmonary embolism ”- naming the next hard fork after him. Vasil was an artist, entrepreneur, blockchain consultant, Haskell practitioner, and ginkgologist. Furthermore, it would not be an exaggeration to say that he was a much loved and respected member of the Cardano community.
On 2 August, IOG tweeted about Vasil’s upcoming update, and began by saying that “Vasil is the most significant Cardano update to date, offering greater network capacity and low-cost transactions” and that “the update will also bring improvements to Plutus to allow developers to create efficient #blockchain-based applications. “
He went on to say that all three criteria for confirming ecosystem availability, ie “75% mainnet blocks created by node final candidate Vasil (1.35.3)”; “Approx. Upgrade of 25 stock exchanges (approximately 80% of ada’s liquidity) “; and “TVL’s Top 10 DApps Confirming Availability” should be met by 22 September.
In a YouTube posted the same day, according to a report by The Daily Hodl, Hoskinson first spoke about Vasil’s upcoming update:
“This is one of the long ones, probably the hardest upgrade we’ve ever had to do as an ecosystem. If we have all done our job right, we will wake up on September 22nd and it will be just another day. This is the magic and power of the Cardano ecosystem. “
He then explained how Cardano will evolve after Vasil’s upgrade and specifically what to expect to see next year:
“Moving forward, there will be a great retrospective on how we can do things better. There will also be an in-depth discussion of Cardano’s overall architecture as it is and how we take it to the next level to make it more useful, portable, scalable, and better for everyone.
“Many CIPs (Cardano Improvement Proposals) are coming. Some CIPs are linked 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 an admin role to a member-based organization, and then participate with you guys in that capacity. That’s what 2023 is really about.“
According to data from TradingView, on Coinbase, currently (from 12:30 UTC on August 4th) $ ADA is trading around $ 0.5030, up 7.14% in the last 24 hours.