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Cardano founder on Vasil: ‘The ship is steady and brighter days are ahead’

Cardano founder on Vasil: 'The ship is steady and brighter days are ahead’
Ana
Nicenko
2 months ago
3 mins read

Two weeks after reassuring the cryptocurrency community that the Vasil hard fork wouldn’t be delayed any longer, Cardano (ADA) founder Charles Hoskinson gave another update to the highly anticipated network upgrade.

Specifically, Hoskinson said that “Vasil is looking good,” adding that he was “pretty happy with v. 1.35.3,” referring to the node that he believes could be the final version for the hard fork after trying out nodes v.1.35.1 and v.1.35.2, in his video live streamed on August 15.

“1.35.3 is out, and that’s probably going to be the node unless something is discovered that the hard fork combinator event is pushed for. So it’s being rapidly adopted and tested and played around with by the community,” he said.

Moreover, the Cardano founder also added that the “testers are pretty happy with it as well,” discovering no major issues that would derail the process.

That said, Hoskinson admitted that “it’s easy to get lost in the forest and not really understand the broader implications and themes of things.” However, “the ship is steady, and that’s what a cryptocurrency should be, and that’s what a blockchain ecosystem should be.”

Hitting back at trolls

Responding to, as he earlier called them, ‘Twitter trolls’ who previously slandered the network’s smart contract functionality, Hoskinson said:

“I know you don’t think there’s any Dapps on Cardano, but there’s actually a lot of code that’s been deployed and, because of that, you had to make sure everything was backwards compatible and things were working properly.”

Furthermore, the Cardano founder explained that there were “a lot of upgrades related to Plutos with actual apps deployed and more than 200 exchanges have to upgrade.”

Words of optimism

Finally, Hoskinson noted that “the economy is still shaky and a lot of people are hurting out there and it’s tough but, that said, brighter days are ahead. I firmly believe that.”

Meanwhile, as things stand, the native token of the Cardano network is trading at $0.5515, which is down by 6.52% on the day, but nevertheless up 1.17% across the previous week. 

On top of that, ADA’s current market cap is $18.74 billion, making it the sixth-largest cryptocurrency by this indicator, according to CoinMarketCap data retrieved by Finbold on August 15.

Featured image via Charles Hoskinson YouTube.

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Ana Nicenko
Author

Ana Nicenko has a plethora of knowledge and experience as a journalist covering the cryptocurrency and blockchain industries, having written for a variety of projects and organizations. Additionally, Ana has a master's degree in English Language and Literature. At Finbold, she reports news on the digital assets sector.

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