On Wednesday, some Twitter users started claiming that Cardano’s smart contracts are not compatible with the Vasil hard fork, which is why they have to be rewritten.

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In the tweet, Tim Harrison explained that current decentralized applications (dApps) that use the first version of the Plutus smart contract platform will still be compatible after the Vasil upgrade. Those developers who want to take advantage of all the enhancements offered by Plutus V2 will have to utilize and deploy them in their applications. They may also want to undergo a fresh audit due to significant code changes.

Tim Harrison tweeted, “Current DApps built using Plutus v1 will be compatible after the Vasil upgrade. And all will benefit from pipelining network upgrade. Developers wishing to take full advantage of Plutus v2 features after the upgrade, will need to use them in their DApps. Welcome to software, Thor.”

What Is Vasil Hard Fork?

Vasil hard fork is named after Bulgarian mathematician Vasil Dabov, a prominent Cardano ambassador who passed away recently. It aims to bring numerous upgrades to network capacity and Cardano’s smart contract programming language Plutus, which enables Cardano decentralized application (dApp) development.

Vasil upgrade is expected to bring major updates to network throughput, improvements to the Plutus smart contract language for DApps developers, reducing the latency of block transmission, and introduction of “diffusion pipelining” to the Cardano blockchain.

Read Also: Cardano Community Predicts “Sunshine and Rainbow” after Vasil Hard Fork Combinator Event

It’s important to note that the focus of the Vasil hard fork is to improve the Cardano network for all users and boost the development experience for Cardano developers.

Earlier this week, Charles Hoskinson, the creator of Cardano (ADA), tweeted that the launch of the hard fork would lead to a new wave of activity on the blockchain.

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The post Cardano Top Executive Refutes FUD about Upcoming Vasil Hard Fork: Details appeared first on Times Tabloid.

In recent months, the leading PoS blockchain project attained notable milestones, which contradicts the claims that Cardano is a ghost chain.

Read Also: Charles Hoskinson: JPMorgan Does Not Own Any Critical Cardano Infrastructure

Over 500 Projects Are Building On Cardano

According to a LinkedIn post by Tim Harrison, the Marketing and Communications Director at Input Output Global, as of 11th March, a total of 517 projects are being built on the Cardano blockchain.

As shared by Harrison, these projects include non-fungible tokens (NFTs) collections, decentralized finance (DeFi) lending, and new wallets.

Tim Harrison wrote:

“The Cardano ecosystem continues to grow, with now over 500 projects building on Cardano – from NFT collections to DeFi lending and new wallets. Props to all the IOG team that continues to drive the platform forward. It has been a remarkable journey to get to here. And kudos to the innovative, passionate community of builders that has brought this project so far. We’re really just getting started, you know.”

As shown in the chart shared by Harrison, NFT collections account for the largest share of the projects building on Cardano with 34.7%, followed by decentralized exchanges (DEXs) with 6.2%.

Read Also: CryptoCompare: Cardano Long-Term Holders Grow 32%, Indicating Increase in ADA Accumulation

Recall that Times Tabloid earlier reported that the number of NFTs minted on the Cardano blockchain has surpassed the 800,000 mark, Harrison’s recent report seemingly serving as proof of the significant height.

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The post Over 500 Projects Are Currently Building On Cardano As the Ecosystem Maintains Steady Growth appeared first on Times Tabloid.