Hoskinson Explains What Users Can Expect From Vasil Hard Fork

Hoskinson explains what users can expect from the Vasil Hard Fork and why he thinks with will be “major major major major.” Let’s read more in today’s latest Cardano news.

Charles Hoskinson the founder of Cardano posted a new recap video on his YouTube channel and explained how the new update will make Cardano better after the hard fork Vasil. At the start of the video, Hoskinson mentioned he prepped for the upcomign Consensus 2022 which will take place in Texas between June 9-12. He expects to show the crypto community and the Cardano enthusiasts that IOHK and the Cardano development team are open for business:

“We’re there, and we’re trying to get a lot of people there to come and set up booths and talk, and we’re going to obviously host a Cardano specific event at Consensus.”

In addition, Hoskinson announced that the Vasil Hard Fork will take place in June and will bring a huge performance improvement for Cardano:

“As many of, you know, a major major major major major hard fork combinator event is happening in June, which is the Vasil hard fork, and that is going to contain pipelining [one of the pillars supporting Cardano’s scaling], which will be a massive performance improvement to Cardano.”

Hoskinson explained that the new hard fork will introduce scaling improvements which include pipelining and a new Plutus CIPs, as well as UTXO on-disk storage and Hydra:

“In combination with parameter adjustments, these features will enhance Cardano’s throughput and optimize the system to accommodate an increasing range of decentralized finance (DeFi) apps, smart contracts, and DEXs.”

Hoskinson explains what users can expect from the Vasil hard fork and the team is also working to offer new products and features to the users like a dapp store, a new wallet, and a bridge that will allow for moving assets from the main Layer 1 chain to other sidechains. The sidechains will enable the creation of a decentralzied exchange where the users can exchange the ADAs for a BTC and vice versa via incorruptible smart contracts and can prevent the possibility of a scam. According to Hoskinson, the Cardano team had plenty of engineers working on the aggressive timelines contrary to what media outlets report:

“If you listen to crypto media, if you listen to the critics of Cardano, they seem to believe that Cardano doesn’t exist. It’s all just some elaborate super scam and nothing has been built and accomplished.”

On the other hand, he noted that a team of developers and third-party organizations will meet in Barcelona and will discuss various levels for smart contracts and the detail of the accreditation process of the wallets and the infrastrcuture of the proejct. Running a project like Cardano is not an easy task and Hoskinson said that as a founder, he tried to provide solutions that don’t only scratch the surface of the problem but solve the root cause.