Cardano founder reveals key inputs in development of its blockchain
Founder of Cardan Charles Hoskinson reacted to a user’s request to send 56 different native Cardano (CNT) tokens and other NFTs in a two-minute transaction across the network, with a total fee of around 25 cents.
The Cardano creator, obviously impressed with the network performance, went ahead to disclose the key inputs that went into creating Cardano. “A lot of careful design and building went into making this system,” he says.
Expectations remain high for June’s hard fork combinator event, with the community speculating that the Vasil upgrade could bolster the influx of dApps via CIP-33 (benchmark scripts) intended to be introduced via the Vasil Hard Fork.
The purpose of reference scripts (CIP-33) is to reduce transaction costs in general. At the moment, each transaction requires the inclusion of new scripts. Reference scripts can be used to interact with scripts, which pushes them into the chain. As a result, interaction between smart contracts is minimized as much as possible.
Vasil in june
According to a recent report from Cardano’s parent company, IOHK, Vasil’s closed testnet has already been deployed to evaluate its functionality with a small group of dApps and users. Additionally, in preparation for the Vasil Hard Fork Combinator (HFC) event, the Cardano team continues to work on consensus-specific upgrades.
The public testnet for the forthcoming Vasil Hard Fork could be accessible in early June, with the mainnet launch set for June 29.
ADA was trading at $0.59 at press time, down around 7% as traders took profits. After hitting lows of $0.44 on May 27, ADA rose to hit highs of $0.689 on May 31 before reversing.
The Cardano network has now minted over five million NFTs ahead of the much-anticipated hard fork. The number of native assets issued on the Cardano blockchain is currently 5,019,030, according to pool.pm data, with 54,986 different minting rules.