Output – Input Cardano’s CEO Charles Hoskinson teased the “next wave” on Twitter.
The American businessman is undoubtedly referring to the impending Vasil hard fork, which is anticipated to go live later this month.
Sebastien Guillemot, CTO and co-founder of blockchain-based product startup dcSpark, outlined how the execution of the much awaited upgrade will make it possible to transfer new varieties of tokens from Ethereum to Cardano. Stablecoins, non-custodial tokens, and stateful tokens were particularly mentioned by Guillemot in his tweet.
The aforementioned token types will be supported at the protocol level, however, it will take “some time” for the tooling to be developed.
It will undergo four weeks of testing before going live on the mainnet. ADA has had the most Github commits made of any cryptocurrency this week, totaling over 399. Cardano is ranked above projects with 257 commits made over the week, including Kusama and Polkadot.
Information provided by IOHK indicates that there are now 1,022 projects using ADA.
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