While the current crypto bear market continues, the Cardano ecosystem continues to evolve. In terms of adaptation, Cardano was able to make further progress.
Even if the Vasil hard fork was postponed again, the Cardano team was able to celebrate another milestone: the number of Plutus scripts (Cardano’s smart contracts) recently broke the 3,000 mark. Currently, the number of Cardano smart contracts is 3,014. In addition, there have been some other positive developments in the Cardano ecosystem.
Cardano ecosystem continues to evolve
- It is remarkable that the number of smart contracts at the end of February 2022 was just 1,000. The number of smart contracts has tripled in about 6 months.
- In addition, some developers are working on making Cardano Java-scriptable. With it, the ecosystem could be connected to any browser in the world.
- Furthermore, according to Bitcoinethereumnews.com an iOS and Android integration for Cardano dApps will also follow soon. Together with the Flint wallet, you could soon be sending and receiving ADA on your mobile phone.
Sebastien Guillemot, the CTO and co-founder of dcSpark, said on Twitter: “DApp browser now available for iOS. Compatible with every DApp on Cardano! No developer tweaks are required. Our new fast backend is also almost ready! Android is in preparation.”
Apart from the technical innovations, there is also progress in the adaptation of Cardano. For example, on August 2, 2022, the Swiss Sygnum Bank announced that it would offer ADA staking. The bank can also institutional investors safely invest in ADA and benefit from additional returns.
Now about the bad news: the next long-awaited Vasil hardfork has been postponed again.
Vasil-Hardfork moved
The Vasil hard fork, which will significantly increase the scalability of Cardano, should actually take place at the end of July 2022. Already at the beginning of July there was a successful test hard fork. However, the developers discovered some bugs that have yet to be fixed.
The Vasil hard fork is one of the most important upgrades of the current development phase. Together with the HardforK, three “Cardano Improvement Proposals” will be published, with which the architecture of the smart contract platform Plutus will be revised. Thanks to some related technical innovations, fewer data transactions are required when interacting with the Cardano platform.
In addition, the so-called “pipelining” is introduced. This not only increases the block size, but also maximizes the utilization per block at the same time. Since the data per sent block is larger, the throughput and scalability of the network also increases significantly.
Charles Hoskinson already spoke in a video about the reasons for the postponement of the hard fork. Hoskinson remains optimistic. There will probably be no further delays:
“The good news is that the number of things that could go wrong has become so small that we are, so to speak, in the final stages of testing in this regard. […] Therefore, if nothing new is discovered, I do not expect further delays.”
Disclaimer
All information contained on our website is researched to the best of our knowledge and belief. The journalistic articles are for general information purposes only. Any action taken by the reader on the basis of the information found on our website is done exclusively at his own risk.
