On April 12, Charles Hoskinson, founder of Cardano, posted a “recap video” on his YouTube channel, explaining the new update that will make Cardano better after the “Vasil” hard fork.
At the beginning of the video, Hoskinson mentioned that he was preparing for the upcoming Consensus 2022, which will take place in Austin, Texas, from June 9-12. There, he expects to show the crypto community and 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 (named after his late friend and ADA ambassador Vasil Dabov) will take place sometime in June and bring a “massive performance improvement to 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.”
What Changes Can Will The Hard Fork Bring?
Hoskinson previously explained that this new hard fork would introduce several scaling improvements that include “pipelining, new Plutus CIPs, 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.”
In addition to those changes, Cardano’s IOG team is working to offer new products and features to its users, such as a DApp store, a new lightweight wallet, and bridges that allow for moving assets from the main layer 1 chain to separate sidechains.
These sidechains will enable the creation of decentralized exchanges where users can exchange their ADAs for BTC and vice versa through incorruptible smart contracts, thus preventing the possibility of scams.
Cardano’s team is working “on insanely aggressive timelines.”
According to Hoskinson, the Cardano team has hundreds of engineers working “on insanely aggressive timelines again,” contrary to what many 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 on May 17-18, a team of Cardano developers and third-party organizations will meet in Barcelona to discuss centrifuge levels for smart contracts and detail the accreditation process of the different wallets and the infrastructure of the project.
Running a project as big as Cardano is no easy task. Hoskinson said that as a founder, he tries to provide universal solutions that don’t just scratch the surface of a problem but actually solve its root cause.