Despite being bearish, September is turning out to be an emerging month for the entire crypto sector. The crypto space is preparing for two of the most powerful and most awaited network upgrades. The Cardano community is impatiently waiting for the Vasil Hard Fork’s upgrade on 22nd September after the announcement of the Ethereum Merge. Cardano (ADA) creator Charles Hoskinson reveals what’s waiting next for the Ethereum (ETH) rival’s network after the much-awaited Vasil upgrade.
Charles Hoskinson Shows Hopes On Cardano
Recently, Hoskinson revealed the official release date of the Vasil hard fork, which aims to shape Cardano’s infrastructure and make the network more scalable and add more value.
Hoskinson said, “This is one of the long ones, probably the hardest update we’ve ever had to do as an ecosystem. If we’ve all done our jobs right, we’re going to wake up on 22nd September, and it will be just another day. That’s the magic and power of the Cardano ecosystem.”
Hoskinson expects Cardano to continue evolving and bring more meaningful ways and value to the cryptocurrency sphere. Cardano developing team, Input Output Global said that Vasil was the most needed upgrade of the Cardano network. The upgrade would accelerate the network capacity and reduce transaction costs.
Regarding this, Hoskinson stated, “Moving forward, there’s going to be a big retrospective on how do we do things better. There’s also going to be a deep conversation about the overall architecture of Cardano as it is, and how we take it to the next level to make it more useful, portable, scalable and better for everybody.”
Charles confirmed that Cardano is also looking for more enhancements which will help Cardano to build a user-friendly ecosystem. Elaborating on this, Hoskinson said, “A lot of CIPs (Cardano Improvement Proposals) are coming. Some CIPs are related to Voltaire and governance. Some CIPs [are] related to Basho and scalability, and there’s a lot of cleanup that needs to be done as we hand it over from one steward role to a members-based organization, and then participate with you guys in that capacity. So that’s what 2023 is really about.”
Cardano Getting Closer To Its Ultimate Goals
As the date of the Vasil upgrade is getting closer, Cardano is moving toward achieving its ultimate goals. Cardano creator Charles Hoskinson said, “It’s becoming more clear that the distance between us and everyone else is growing. We built Cardano to be the financial operating system of the world. We built it to bank the unbanked. We built it as a community to give economic identity to those who don’t have it so we can have one global fair marketplace. It’s a crazy mission, and it feels vast in scope but with Vasil coming in 22nd September, it feels that much more achievable.”
After the announcement of Vasil Upgrade, ADA sees a price action as bulls are fighting back. However, according to our Cardano price prediction, ADA may see a green candle again, and it can surge to $1 soon.