Cardano up 3% following completion of Vasil hard fork
Cardano' s ADA
Modified Date:- Published Date:-Categories: Cryptocurrency
Cardanoup 3% following completion of Vasil hard fork
Cardano’sADA has reactedpositively to news of the successful completion of the Vasil upgrade, rising3.6% in the last 24 hours to trade at $04638. The Vasil upgrade went live at9:44 pm UTC on Sept. 22, according to an announcement from Input Output. TheVasil upgrade is its most significant improvement on Cardano since itenabled smart contract functions in 2021.
Vasilis Cardano’s most ambitious upgrade
IOHKdescribed it as its most ambitious work, praising the Cardano communityfor making the upgrade a success. Vasilupgrade had faced some delays and was rescheduled a few times before its finallaunch. Following the Vasil upgrade, Cardano is developing a layer-2scaling solution, Hydra head protocol.
However, theupgrade’s full functionality will not be available to developers until Sept.27. According to the team, this is when a new epoch will start, and the newPlutus V2 cost model will be active on the chain.
Scammerstry to take advantage
Meanwhile,bad actors tried to exploit the excitement to promote scams. Several accountsmasquerading as Cardano’s Charles Hoskinson offered to distributemillions of ADA tokens to anyone that clicked on a suspicious link. Hoskinsonhighlighted these fake accounts in one of his tweets, urging the community toreport the accounts.
ADA is one of the fastest growing Cryptocurrencies in the Global market, as it is a great platform to carry out operations. So, the Cardano team is happy to see Sustained growth of ADA and hope that your participation in ICOs will help to grow this crypto and make it Popular coin.