Crypto Comeback Pro is a crypto trading tool for investing in the crypto market with an %88 average win rate on trades and is the #1 trading software for crypto traders from all around the globe in 2022. Try it For FREE Today.
Cardano’s new update took place on 22nd September, and it has been termed Vasil; it has been made clear that it is a hard fork update and the most complicated one the team had to pull in all these years of working for Cardano.
The creator Charles Hoskinson has shared his insights regarding the working of Cardano and how this new update is going to change things for good. It was made clear that the update is specifically going to address the scalability-related issues of Ether’s rival blockchain that is, Cardano, but other elements of the blockchain would also be refined pretty steeply, too says, Charles.
Charles Hoskinson has addressed the media during a recent interview by claiming that Vasil was the hardest possible update that they have to pull of till date regarding the infrastructure and working of the Cardano blockchain.
The development team has been working around the clock to make sure that the blockchain is ready for all the dedicated aspects that the update is going to cover and aim at and that there aren’t going to be any delays implementing the update.
CIPs and Governance Model
Many CIPs (Cardano Improvement Proposals) are coming down the pipeline, according to Charles, and most of them are targeted at improving the governance-oriented aspects of the blockchain; other proposals hint towards the prospect of strengthening the security of the blockchain, while some are also targeted at increasing the scalability of the Blockchain.
He said that the primary focus of the team is to make sure that the blockchain of Cardano is scalable, which means that they are preparing the blockchain to add more users in the coming years and also to make it portable, convenient to use, and powerful to tackle all different aspects of the working of the blockchain.
Deep Into Blockchain is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site (namely Branded Content Posts) is paid content that is not written by our authors and the views expressed do not reflect the views of this website. Any disputes you may have with brands or companies mentioned in our content will need to be taken care of directly with the specific brands and companies. The responsibility of our readers who may click links in our content and ultimately sign up for that product or service is their own. Cryptocurrencies, NFTs and Crypto Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.