Yesterday, the Ethereum (ETH) blockchain officially transitioned from a Proof-of-Work (PoW) consensus to a Proof-of-Stake (PoS) consensus. The new consensus mechanism will make ETH mining obsolete. It will also reduce the supply of ETH and make Ethereum greener, with lower transaction fees. As the craze around the Merge dies down, all the attention of the crypto community is on Cardano (ADA). The upgrade of the eighth largest blockchain by market capitalization is imminent.
Only 6 days left for the Vasil de Cardano (ADA) hard fork
The proposed date for the hard fork is Vasil de Cardano (ADA). 22 September. For competitor Ethereum (ETH), this event is a big step towards realizing its plans. In this regard, Cardano (ADA) co-founder Charles Hoskinson said: “ It is becoming increasingly clear that the distance between us and everyone else is increasing. We built Cardano to be the world’s financial operating system. We built it to bank the unbanked.»
Charles Hoskinson said that the Cardano blockchain aims to “to give economic identity to those who do not have one. It also aims to help make the global market fairer, he continued. The network’s co-founder admitted that “Crazy mission that seems like a lot. However, he clarified that this seems more possible with the arrival of Vasil’s hard fork on September 22.
In addition, the recent Cardano (ADA) blockchain passed the 50 million transaction mark, with around 920,000 transactions made in the last 15 days. The information comes from the Cardano blockchain explorer Cardanoscan.
With the Vasil Cardano (ADA) hard fork approaching, the number of transactions on the platform of thesmart contractsThere has been a big increase. But, the price of crypto is falling. The ADA has gone from $0.52 to $0.46 in the past seven days.
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Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only increased my enthusiasm. So I decided to study and understand the blockchain and its many uses and share my pen knowledge related to this ecosystem.