Cardano Creator Charles Hoskinson Released New Update On Hardfork

Cardano’s creator Charles Hoskinson released a new update on the upcoming upgrade for the project. Check out the most important info below.

New update about Cardano is out

Cardano (ADA) creator Charles Hoskinson is giving an update on the highly anticipated Vasil hard fork for the Ethereum (ETH) rival’s blockchain.

In a new video update, Hoskinson made sure to explain that major crypto exchanges are currently working on the new Cardano hard fork, and he expects more to follow.

“So the next major lift is to get the exchanges on board. Binance is reporting that they’re currently upgrading. By volume, I think that they’re about 30-40% of the Cardano trade volume. And other than that, Kraken and Coinbase and so forth tend to follow along.”

He continued and said this:

“Generaly what happens is that after a hard fork date is announced, you see a big rush of people push through. So what is probably going to occur is that once we hit that golden 75% of the SPOs (stake pool operators) and three to five of the major exchanges by volume, the top three or top five are upgraded or in the process of upgrading, a hard fork date will be set.”

Hoskinson also said the following:

“Then, the rest of the exchanges feel the urgency and they start upgrading, and it’s really hard to get them otherwise. They tend to need a little bit of push for that.”

The mass adoption of Cardano (ADA) has been going great, and there are a lot of moves made that support this important goal. The NFT adoption on Cardano is also going great.

Check out the latest data that shows the fact that ADA adoption is thriving these days.

According to the latest reports, the blockchain company behind Cardano (ADA), announced a collab with a non-fungible token (NFT) ecosystem to drive NFT adoption.