Tomorrow is the Big Day: What Will Cardano’s (ADA) Hard Fork Bring?

Cardano (ADA) Blockchainon Thursday, September 22, the highly anticipated announcement to enrich smart contract features, increase the efficiency of the network and reduce costs. Vasil’s Hard Fork will do.

Vasil Introduces an Updated Version of Cardano’s (ADA) Smart Contract Language: Plutus v2

Plutusis Cardano’s native smart contract language. Vasil will present a second version of Cardano’s scripting language, Plutus version v2.

Plutus, Cardano’s core layer, separates the code that drives smart contracts, which is outside the network and runs on the user’s computer, from the process of verifying transactions on the network.

The new features of Plutus v2 will be available one period after Thursday’s Hard Fork.

Cardano, thriving decentralized finance (DeFi) communities, Ethereum (ETH) and sometimes criticized for lagging behind other layer one Blockchains.

Unlike Ethereum, which uses an account-based model like that of a bank, Cardano (ADA) Bitcoin (BTC) It is based on the “unspent transaction output” (UTXO) system associated with

This system provides a way of calculating what users keep in their wallets by tracking the remainder of the money when coins are spent.

Vasil’s changes to the Cardano ledger will allow entries and UTXOs to be used to code contracts without spending.

In other words, it will facilitate access to information stored on the Blockchain, without the need to spend and regenerate UTXOs as before.

*Not investment advice.