A popular Cardano whale clarified which category of investors ADA is targeting. The statements he made on Twitter became the beginning of the discussions going back to Vasil’s hard fork. Here is what has been talked about on social media recently about ADA.
Cardano whale explains what it means to bet on ADA
On Saturday, August 13, a hugely popular ADA whale revealed which category of investors Cardano is targeting. “ADA Whale” told over 110,000 Twitter followers:
A bet on Cardano is a bet that most potential users who haven’t yet boarded are roughly looking for something between Bitcoin and the most famous DeFi L1 protocols (the ones that are constantly being hacked). Welcome to the norms.
One of those who later replied to him was the operator of the UK-based VEGAS ADA Pool:
There will come a time when people will compare features, compare price, and then realize how cheap ADA really is. This FOMO will hit like 2017 did; when there is no product.
On Friday, August 12, “ADA Whale” offered a summary of IOG’s mid-month development update on progress towards the Vasil upgrade:
Whale continued his statements as follows:
- The under-the-hood changes that have helped Node’s performance and stability, most importantly: it has changed the way it deals with the consensus protocol. He went from transition to full Praos”.
- The new pre-production mainnet environment is being prepared for testing.
- New Vasil coming soon
On August 1, Cardano founder Charles Hoskinson shared some important news about the delayed Vasil. Hoskinson clarified on this date specifically why the Vasil hard fork was delayed for the second time. Also, Vasil posted a short video where he provided a status update on testing the protocol update.
Charles Hoskinson said they were looking for possible faults
Charles Hoskinson shared details about Vasil on his Youtube channel, where he regularly broadcasts. In the August 1 broadcast, Vasil gave a comprehensive statement about the delayed hard fork:
Initially we planned to do the hard fork with 1.35 and submitted it to testnet. Testnet is forked under that. Then there was a lot of testing, both internally and in the community. A number of bugs were found: three separate bugs that resulted in three new versions of the software. And now we have 1.35.3, it seems it will be the version that will survive the hard fork and move on to Vasil.
What is the Vasil hard fork changing in the Cardano network?
Vasil hard fork is one of the most anticipated upgrades for Cardano. Meanwhile, as we touched on above, the Cardano network had to go through a network upgrade in the form of a hard fork in June this year. However, the event has been postponed several times and has not yet taken place. Vasil is named after the late Bulgarian mathematician Vasil Dabov, who was a member of the Cardano community. Vasil, part of Cardano’s third development period, is a crucial network upgrade aimed at increasing the availability and scalability of the network. The ascent is expected to take effect for 2022 after the June and July delay. cryptocoin.com In this article, we have explained what you need to know about Vasil hard fork.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. Therefore, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.