ETH Competitor Cardano (ADA) Hits 50,000,000 Transactions

• The Ethereum competitor token, Cardano (ADA) set a new milestone by hitting 50,000,000 total transactions .
• It is assumed that it was due to its expected hard fork upgrade.

The Cardanoscan site shows the data of more than 50,000,000 total transactions on Cardano blockchain. And it also indicates that almost 920,000 of those transactions occurred in the past 15 days.

Cardano Blockchain Explorer

The above image shows the current price of ADA which is $0.46USD and its total transactions that is currently at 50,057,878.

Hoskinson’s Previous Statement

The Co-Founder of Cardano, Charles Hoskinson, previously said about Cardano’s Vasil hard fork, which is expected on September 22, 2022. It may bring Cardano a little closer to fulfilling its ambitions.

As Hoskinson expressed his thoughts and said, “It’s becoming more clear that the distance between us and everyone else is growing. We built Cardano to be the financial operating system of the world. We built it to bank the unbanked. We built it as a community to give economic identity to those who don’t have it so we can have one global fair marketplace. It’s a crazy mission, and it feels vast in scope but with Vasil coming on September 22nd, it feels that much more achievable.”

He also added that when the hard fork is completed, Cardano will be able to evolve as an ecosystem and become more portable, useful and scalable.

He further shared his plans related to Cardano in 2023 and said that “A lot of CIPs (Cardano Improvement Proposals) are coming. Some CIPs are related 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 one steward role to a members-based organization, and then participate with you guys in that capacity. So that’s what 2023 is really about.”