Charles Hoskinson, CEO of Cardano, teased Cardano’s “next wave” on Twitter.
The American businessman is undoubtedly alluding to the impending Vasil hard fork, which is anticipated to go live later this month.
Cardano’s IOHK posted on social media that the Vasil hard fork (epoch 215) upgrade has begun on the testnet on July 3 at 20:20 UTC. The Vasil Mainnet launch will come after this one and is anticipated to happen by the end of July 2022.
IOHK initiated the countdown for the Vasil mainnet update after submitting a new proposal to a hard fork, during the final week of June.
The Vasil hard fork will bring new functionalities to Cardano
Sebastien Guillemot, CTO and co-founder of blockchain-based product startup dcSpark, outlined how the execution of the much-awaited upgrade would make it possible to transfer new varieties of tokens from Ethereum to Cardano.
Stablecoins, non-custodial tokens, and stateful tokens were particularly mentioned by Guillemot in his tweet.
The aforementioned token types will be implemented at the protocol level; however, it will take “some time” for the tools to be developed.
One of the greatest and most anticipated changes to the ecosystem ever will be the enormous Vasil upgrade. ADA blockchain will get a number of significant Improvement Proposals (CIPs) with the upgrade that are intended to improve the network’s overall speed and throughput.
Smaller adjustments will improve Ada’s network and make it even more developer-friendly, which is a crucial development for the industry’s most actively developed network.
Decentralized Cardano apps are anticipated to improve in usability and efficiency. It is also anticipated that onboarding apps now under development would become easier.