Cardano (ADA) creator Charles Hoskinson is announcing a new goal of onboarding five million new users onto the ecosystem’s Lace wallet. In a new video, the chief executive of Input Output Global (IOG) provides an update to his 318,000 YouTube subscribers on Cardano’s identity-focused project in Ethiopia that aims to archive students’ academic records. Hoskinson […]
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Smart contract platform Cardano (ADA) is launching a new sidechain proof of concept that is compatible with Ethereum (ETH). In a new announcement, Input Output Hong Kong (IOHK), the development team behind Cardano, says it’s launching a new public testnet compatible with the Ethereum Virtual Machine (EVM). According to Stevan Lohja, IOHK’s developer relations manager, […]
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The developers of Cardano’s (ADA) new stablecoin have revealed when the dollar-pegged crypto asset is slated to launch. In a new blog post, payments firm COTI says that Djed, Cardano’s new stablecoin, is scheduled to launch sometime next week. According to the developers, the only thing standing in the way of Djed’s launch is the […]
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A top executive at Cardano (ADA) developer Input Output Hong Kong (IOHK) says the crypto space is comparable to the dot-com bubble era. In a newly posted interview with crypto analyst Scott Melker at the Messari Mainnet Conference in Manhattan, Jerry Fragiskatos, IOHK’s chief commercial officer, says that four years ago, he likened the crypto […]
The post IOHK Executive Says Cardano (ADA) and Crypto in the Dot Com Stage of Development appeared first on The Daily Hodl.
Cardano founder Charles Hoskinson has repurposed the Ethereum Classic Twitter account to now benefit the Ergo Platform.
Followers of the Ethereum Classic Twitter account may have found themselves the unintended fans of an entirely new crypto project after Cardano founder Charles Hoskinson turned the account into the new community page for the Ergo community.
The Ethereum Classic account had built up over 600,000 followers since its inception in July 2016, and up until Sept. 15, it has been used to post about Ethereum Classic.
As of Oct. 6, however, the Twitter page now reflects the Ergo Platform, a proof-of-work (PoW) blockchain capable of facilitating smart contracts, similar to Ethereum, with links to Cardano.
In a lengthy thread pinned on Ethereum Classic’s new Twitter handle on Oct. 6, Bob Summerwill, the executive director of a public charity supporting Ethereum Classic, pointed the finger at Hoskinson for repurposing the account, noting that “6 years of community work has been erased.”
The new handle is yet to reach the follower numbers of its old account, with only 364 followers at the time of writing.
So what just happened with this account?
— Ethereum Classic (@eth_classic) October 6, 2022
In the thread, Summerwill outlines how Hoskinson’s blockchain company Input Output Hong Kong (IOHK) withdrew from the ETC for a second time following a lack of support for a proposal of his and refused to talk about the Twitter account until a Sep. 6 Twitter post where he declared he would not be returning it to the ETC community.
Return? It's my account. As for return, I can't get back the millions of dollars of development we spent nor the years of time supporting a blockchain that didn't seem to want to do anything other than preserve a status quo. We'll call it even
— Charles Hoskinson (@IOHK_Charles) September 5, 2022
The move by Hoskinson has essentially boosted the Twitter followers of the Ergo Platform, which has the old handle of ergoplatformorg with only 64,000 followers. The Ergo account holder has even directed its followers to its “new account” Ergo_Platform.
Related: Cardano bulls run out of steam after Vasil hard fork — 40% ADA price crash in play
Issues between Hoskinson and his former project are not new, with Hoskinson being well known for his dislike of Ethereum and going as far as calling Ethereum Classic a “dead project with no purpose.”
Cardano’s newest hard fork is the blockchain's most significant update since adding smart contract functionality in September.
After several months of delays, the Cardano Vasil upgrade and hard fork has finally gone live as of Thursday at 9:44 pm UTC, bringing “significant performance and capability” enhancements to the blockchain.
The success of the Cardano mainnet hard fork was announced by blockchain company Input Output Hong Kong (IOHK) on Twitter on Thursday, while others also observed the hard fork tick over in a live Twitter Spaces with Cardano co-founder Charles Hoskinson.
#Vasil mainnet HFC event successful!
— Input Output (@InputOutputHK) September 22, 2022
We’re happy to announce that today, at 21:44:00 UTC, the IOG team, in collaboration with the @CardanoStiftung, successfully hard forked the Cardano mainnet via a HFC event, thus deploying new #Vasil features to the chain.
1/5
IOHK previously stated the significant upgrades brought by the fork is block transmission without full validation, allowing for faster block creation. Upgrades to its Plutus smart contracts for increased efficiency also allow decentralized applications to deploy and run at lower costs.
Better buy some mouthwash. Vasil is live. Anyone have recommendations for Greg :) https://t.co/RTehxad97Z
— Charles Hoskinson (@IOHK_Charles) September 22, 2022
New capabilities brought by the Plutus script upgrades will become available for developers on the mainnet on Sept. 27, after one epoch which currently lasts around five days.
Bill Barhydt, founder of crypto trading platform Abra called the upgrade a “big win for developers” with decentralized finance platform Genius Yield tweeting it was “one of the most complex and consequential updates to the Cardano network ever done.”
Congrats to Cardano ($ADA) team on Vasil hardfork. More hard work in crypto paying off.
— Bill Barhydt (@billbarhydt) September 22, 2022
Making UTXO's and inputs accessible to scripts/Plutus without spending them is a big win for developers. Well done!
Congrats @IOHK_Charles @CardanoStiftung and teams!
The date for the upgrade was announced in early September by IOHK, while the “critical mass indicators” needed to trigger the hard fork were reached in the 24 hours leading up to the event.
Related: Ethereum post-Merge hard forks are here: Now what?
It comes after months of delays and reschedules, with the launch day originally slated for June, it was twice delayed due to issues on the testnet caused by bugs in a prior node version creating compatibility issues.
Following the Vasil upgrade, Cardano is continuing to develop it’s layer-2 scaling solution, the Hydra head protocol, which processes transactions off the Cardano blockchain whilst still using it as the security and settlement layer.
The latest update on Hydra from Sept. 16 detailed the team addressed a known issue with the Hydra nodes. The protocol has no set launch date, but it's intended for sometime in late 2022 or the first quarter of 2023.
The announcement of the successful launch sent the price of Cardano’s coin ADA upwards by nearly 4% over the last 24 hours to $0.46 according to CoinGecko data, although it is still down over 4.5% on the week.
Ethereum (ETH) challenger Cardano’s (ADA) much-anticipated Vasil hard fork upgrade is set to roll out today with plans for developers to use its new capabilities by next week. Input Output Hong Kong (IOHK) and its CEO Charles Hoskinson say that the mainnet update is ready to launch. “A joint [Input Output Global] and [Cardano Foundation] […]
The post Highly Anticipated Cardano (ADA) Vasil Hard Fork Upgrade Scheduled To Go Live in Matter of Hours appeared first on The Daily Hodl.
With the countdown now under 24 hours for Cardano’s most ambitious upgrade, all three metrics necessary to launch the awaited Vasil upgrade have been met.
The Cardano Vasil upgrade is set to take place in less than 24 hours on Sept. 22, with the Cardano team noting all three “critical mass indicators” needed to trigger the upgrade are now met.
A Sept. 21 update on Twitter by the company behind Cardano, Input Output Hong Kong (IOHK) states within the last 48 hours 13 cryptocurrency exchanges had confirmed their readiness for the hard fork, representing over 87% of Cardano’s (ADA) liquidity.
With this latest addition we have met all 3 critical mass indicators:
— Input Output (@InputOutputHK) September 21, 2022
39 exchanges upgraded (87,59% by liquidity)
Over 98% of mainnet blocks are now being created by the Vasil node (1.35.3)
The top Cardano #DApps by TLV have confirmed they have tested and are ready
Of the top exchanges for ADA liquidity, Coinbase is the only exchange listed as “in progress” regarding its integration status, according to an ecosystem readiness page by IOHK.
However, a recent tweet by Coinbase has already hinted it will support the fork, saying ADA transactions will be halted for maintenance “for the Cardano Vasil hard fork.”
Originally intended for a June launch, the Vasil upgrade has seen its launch day twice rescheduled, most recently due to a bug discovered in Cardano’s prior node version which created incompatibility issues.
With an updated Vasil node in place, over 98% of mainnet blocks are now being created by the updated nodes, while the blockchain's top decentralized applications (DApps) have also confirmed their readiness, marking all three metrics needed for the upgrade go-ahead.
Hey #Cardano $ADA users!
— Ledger Support (@Ledger_Support) September 21, 2022
We're ready for the @Cardano Vasil upgrade tomorrow
No downtime is expected or further actions required, sit back, relax and enjoy the upgrade♀️
Any Comment
Onwards!
News of the upgrade has seen social media chatter about ADA increase by 35.16% over the past seven days from Sept. 19 according to market intelligence platform Santiment, third behind Ripple (XRP) and Ethereum (ETH).
#Crypto markets have obviously taken a big hit over the past week, but it's interesting to see where social interests have shifted. $ETH, $XRP, $ADA, $MATIC, and $SHIB have increased in discussions, while most other assets are being discussed far less. https://t.co/B461oasvSr pic.twitter.com/c6FVIS90gG
— Santiment (@santimentfeed) September 19, 2022
Once live, the upgrade will be the blockchain's most significant since its Alonzo hard fork in September last year, which brought functionality for smart contracts for the first time. This upgrade aims to bring smart contract enhancements, reduced costs, and increased throughput on the network.
IOHK said one of the most significant upgrades brought by the fork is faster block creation as they can be transmitted without full validation.
Related: Cardano outranks Bitcoin in global top intimate brands in new report
The Vasil upgrade is named after the late artist Vasil Stoyanov Dabov, a Cardano community member and ambassador who passed away in December 2021 due to a pulmonary embolism.
Currently, ADA’s price sits at $0.44 as per CoinGecko, down 3.4% over 24 hours and down over 85% from its $3.09 all-time high from Sept. 2nd, 2021.
The development team behind Cardano (ADA) is confirming the date of the smart contract platform’s much-anticipated Vasil hard fork upgrade. Input Output Hong Kong (IOHK), the team behind the Ethereum (ETH) challenger, says the update will go live on September 22nd. “VASIL UPGRADE: DATE CONFIRMED. Following the successful completion and extensive testing of all core […]
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The much-anticipated Vasil hard fork for Cardano (ADA) has been delayed for several weeks as the smart contract platform sees green price action. In a new video update released by Cardano developer Input Output Hong Kong (IOHK), the firm’s technical manager Kevin Hammond says that the upgrade has been pushed back to ensure a smooth […]
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