Charles Hoskinson, the CEO of Input Out Global (IOG), has recently described the significance of the upcoming Vasil Hard Fork, stating that it’s coming to Cardano with a massive performance improvement.
Hoskinson said this in a recent video shared with his teeming YouTube subscribers a couple of hours ago. In the video, the creator of Cardano spoke about several things that are related to developments in the ecosystem.
Read Also: Charles Hoskinson: JPMorgan Does Not Own Any Critical Cardano Infrastructure
According to the mathematician, the team is currently preparing for the upcoming Consensus 2022, an event that is slated to hold between 9th and 12th June 2022 in Austin, Texas.
Charles Hoskinson noted:
“We’re renting a large pavilion there, and we’re going to go along with many of the other members of the Cardano ecosystem, and hopefully we’ll be able to showcase that Cardano is open for business.“
In the video, Hoskinson also spoke about the reason for being excited about the upcoming Vasil hard fork, which is expected to play out in June. He said he’s also in anticipation of the first enhancement of Cardano’s smart contract platform (Plutus) since it was rolled out in September 2021.
“As many of you know, a major hard fork combinator event is happening in June, which is the Vasil hard fork, and that is going to contain pipelining, which will be a massive performance improvement to Cardano, alongside the first wave of significant Plutus enhancements since Plutus shipped in September.”
Meanwhile, Hoskinson hinted sometime in March 2022 that a wave of projects will flock into the Cardano network once the much-anticipated upgrade is activated in June.
Read Also: Charles Hoskinson Says Cardano (ADA) Total Value Locked (TVL) will Keep Rising. Here’s Why
The Vasil hard fork, named after Hungarian mathematician Vasil Daboy, who was a Cardano community member and had a notable impact on Hoskinson’s work, is scheduled to go live in June.
According to Cardano’s creator, Vasil hard fork will apply many of the Plutus adjustments proposed by parties such as the CDA.
Once this hard fork goes live, vital projects like light wallets and other decentralized applications can proceed.
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