Business In News
- Cardano founder Charles Hoskinson is bullish on $ADA.
- In a new video update shared via YouTube, Hoskinson says that the Vasil Hard Fork is ready to launch on September 22
After the highly anticipated Ethereum merge, people are now expecting a Cardano price rally ahead of the launch of Vasil Hard Fork Upgrade on September 22
The IOHK head and founder of Cardano cryptocurrency, Charles Hoskinson has shared a new update via Youtube. In an 8-minute video, Hoskinson shared details on how the upcoming Vasil hard work upgrade is ready to roll out this weekend alongside sharing insights on the future Cardano roadmap.
Cardano’s Vasil Hard Fork Is Scheduled To Launch On September 22
In a new video update shared via Youtube, the Founder of Cardano, Charles Hoskinson has shed light on recent Vasil hard fork development adding that all the systems are now ready to roll the highly anticipated merge out next week.
It is to be noted that the Vasil Hard Fork upgrade was earlier scheduled to go live in June, but was delayed several times citing a need to fix critical bug issues and updates. However, Hoskinson added that “there is no going back now” referring to the Vasil update, which according to the Cardano founder will be deployed positively on September 22
“We don’t anticipate there will be any issues, but there’s no going back now. No amount of testing or anything can save us because [the] rocket’s in the air. It either explodes in air or reaches orbit and obviously, it’s going to reach orbit.” Hoskinson added
After the Ethereum upgrade that went live on September 15, several crypto enthusiasts are looking forward to the Cardano price rally which is anticipated to be triggered by the upcoming Vasil hard fork deployment. Dubbed as a possible Ethereum competitor, Cardano is expected to cross its highly anticipated $1 price threshold however it may be too soon to expect positive metrics. At press time, all leading cryptocurrencies are projecting a bear market stance, with Bitcoin and Ethereum sitting at $18,963.33 and $1,330.21 respectively.
However, Hoskinson seems positive about the future Cardano roadmap, adding that he is looking forward to the next half a year being particularly good for Cardano in terms of new project developments. He later added how the massive Luna crypto collapse was particularly intense for the crypto sector but expects the space to recover soon now that the market, alongside Cardano, are gaining a bit of its momentum back.
“This has been a very hard year for everybody. (It) didn’t work out the way any of us in the space intended. There was a 600 billion dollar wealth destruction as a result of the collapse of LUNA. Six hundred billion, not million, that fled through the market and all kinds of craziness that we’ve all had to deal with, and it’s been very fatiguing and very hard to keep up with the frenetic pace of things..”
He later on went to share updates on how Cardano has plenty of new projects queued ahead for the next three to six months, further adding that the ADA roadmap looks particularly exciting for 2023.
“The good news is that we’re still here and by every appreciable metric, Cardano is one of the strongest cryptocurrencies in the space, and we continue to upgrade, and we continue to have great vision. In that respect, our DApp [decentralized application] community continues to build as well. After Vasil, we should see a lot of stuff launched and that’s pretty exciting.”
Dubbed as one of the leading upgrades for Cardano, the Vasil hard fork deployment is essential for ADA as it is set to introduce elemental changes in its existing blockchain. The update is named after Bulgarian mathematician Vasil Dabov and intends to improve the network capacity by deploying new changes in Cardano’s smart contract language Plutus for dApp developers alongside reducing the latency of block transmission.
However, at press time, ADA is showing no signs of recovery and is trading at $0.4467 down 4% in the last 24 hours. Users are now expecting a sudden price surge triggered by the Vasil hard fork deployment to stir the crypto up a notch, however, it might be too early to speculate on new metrics.