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Cardano Ecosystem

Tron Weekly

08/24/2022

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Cardano takes the ‘glass half full’ route to the Vasil upgrade

Recent testnet problems with Cardano were shaking social media. In the midst of the chaos, 36% of stake pool operators (SPOs) have updated their nodes to version 1.35.3, which was released last week, according to statistics given by PoolTool....

Cardano takes the ‘glass half full’ route to the Vasil upgrade

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August 24, 2022 by

Recent testnet problems with Cardano were shaking social media. In the midst of the chaos, 36% of stake pool operators (SPOs) have updated their nodes to version 1.35.3, which was released last week, according to statistics given by PoolTool.

The next Vasil hard fork upgrade will use the thoroughly tested version. Before the much anticipated update occurs, 75% of SPOs must upgrade their nodes.

Additionally, to guarantee a significant amount of liquidity, Input Output must onboard at least 25 cryptocurrency exchanges prior to the mainnet launch. Before Vasil is implemented, the decentralised development community for Cardano must come together in support of it. Recent community conversations have been driven by worries regarding Cardano’s testnet as a result of a critical Twitter thread sent by an ecosystem developer.

Charles Hoskinson of Input Output assured investors that there were no quality problems with the Vasil upgrade during a recent live stream. Most recently, Hoskinson expressed the opinion that conversations about intricate technological issues should be avoided on social media. Technical issues have caused the Vasil upgrade to be repeatedly delayed from its first planned launch on mainnet in early June. It is anticipated that the ambitious upgrade will significantly improve Cardano’s scaling capabilities.

Cardano Alonzo update

Smart contracts are now possible thanks to Cardano’s Alonzo hard fork, which was introduced in September.

The Alonzo upgrade, which brought smart contracts technology to the network, has been finished on the third-largest blockchain in the world. The use of the technology has made it easier for Cardano (ADA) to create a variety of financial applications. By employing predictable transaction costs, the blockchain has been proactively addressing the key problems associated with blockchain competition.

The majority of blockchain developers who have worked on the technology have said that it changed the game at the time it was first presented. From that point forward, developers working with a centralized application running on dedicated servers could create decentralized apps on the blockchain without having to compromise on security. However, at the time of writing, Cardano (ADA) seems to have underperformed due to the frivolous testnet confusion and is currently priced at $0.460802.

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