Charles Hoskinson, the founder of Cardano (ADA), provides an update on the highly awaited Vasil hard fork for the Ethereum (ETH) competitor’s network.
Hoskinson said in a recent video update that major cryptocurrency exchanges are now working on the new Cardano hard fork, and he anticipates that other exchanges will follow suit in the near future.
“Therefore, the next big step is to integrate the exchanges. Binance claims they are in the midst of a maintenance update. I estimate that they constitute between 30 and 40 percent of Cardano’s transaction volume. In addition, Kraken, Coinbase, and the like tend to follow suit.
Typically, following the announcement of a hard fork date, a large number of individuals hurry through. Then, the remaining exchangers sense the hurry and begin upgrading, making them very difficult to acquire. They often need a little prodding for it.”
According to Hoskinson, Cardano devs are making solid progress, and the hard fork should occur in September.
“Things are progressing extremely rapidly. Community members and ourselves are currently doing extensive testing. There is a lot of work being done to integrate everything behind the scenes, so everything about the infrastructure is looking nice. We are hoping that we will soon be able to collaborate with the community in order to establish a date for the hard fork.
Therefore, it appears like sometime in September will be the target date, unless something unexpected is found or we run into a significant delay somewhere.”
Also Read: Ava Labs Rejects The ‘Conspiracy’ Claim That Avalanche Paid Lawyers To Sue Competitors
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
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