Charles Hoskinson talked about the incoming most important Hardfork of mainnet Cardano blockchain “Vasil”, which is currently in progress.
Cardano is one of the popular crypto projects in the crypto industry. In terms of 24 hours global trade volume, Cardano is standing at 8th rank. Cardano is a commercial blockchain network, unlike Ethereum. Cardano is popularly known as a rival of the Ethereum blockchain because it is a project launched by one of the founders of the Ethereum blockchain, Charles Hoskinson. Hoskinson was one of the key players in the Ethereum project in the initial phases but he left the project because he was disagree with other founders.
On 18 September, Charles Hoskinson took to Twitter to share updates on Vasil Hardfork’s work.
Hoskinson said that the Hard Fork event has been initiated and it will take place on 22 September.
Hoskinson said that everything has been completed and now here we have to shit and watch everything.
“It’s in the air right now…There’s no going back now. It’s been initiated.”
Initially, Vasil Hardfork was planned to introduce in June of this year but unfortunately due to some technical bugs, it was rescheduled many times and now finally it will take place this month.
ADA Price action
ADA coin is the native token of the Cardano blockchain network and the current price of this coin is $0.44 and this price is 78.63% down over the last year of time frame.
Because of the Vasil Hardfork future event, the majority of the crypto investors are willing to invest in ADA coin but due to the significant downfall in the price of the majority of the crypto assets here, it will be hard for ADA to show some better increment ahead of this important development work.