With an expected launch date of June 2022, Charles Hoskinson, the founder of Cardano and CEO of Input Out Global (IOG), has shared what the community is to expect from the Vasil hard fork.
Expect Massive Performance Improvements from the Vasil Hard Fork
In a “recap video,” Hoskinson explained that the Vasil hard fork contains “pipelining [one of the pillars supporting Cardano’s scaling].” He adds that the upgrade will bring “massive performance improvement to Cardano.”
He further explained that the hard fork will include other scaling improvements, including new Plutus CIPs, UTXO on-disk storage, and Hydra.
According to Hoskinson, these features will “enhance Cardano’s throughput and optimize the system to accommodate an increasing range of decentralized finance (DeFi) apps, smart contracts, and DEXs.”
Cardano is Working on an “Aggressive Timeline”
Hoskinson also revealed that Cardano’s IOG team is working on releasing a DApp store, a new lightweight wallet, and bridges for asset transfers from Cardano layer-1 to other chains.
To meet up with these network updates, Hoskinson explained that the Cardano team has hundreds of engineers working “on insanely aggressive timelines again.”
On The Flipside
Why You Should Care
Upscaling an already powerful chain through Vasil could increase the competitiveness, utility, and ultimately adoption of the Cardano blockchain.
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Source: Cryptocurrency - investing.com
