Cardano’s Vasil hardfork brings more than you would expect
The Vasil hardfork that the Cardano community has been waiting for for a few months should bring more than some users might think. According to the CTO of dcsparkit was previously impossible to port a large number of ERC20 tokens on the network due to the missing blockchain functionality.
With the Vasil update, Cardano will allow users to utilize and develop a new class of tokens: noncustodials, stablecoins and stateful tokens. A remaining problem is that they will only be at the protocol level, and some time is needed for tooling.
As developers become more familiar with the new features of the hardfork, we will begin to see the first solutions built with the use of new features. Cardano wallets will also start to work differently as they are expected to change the way tokens are managed.
What does Vasil hardfork bring to the table?
The massive update was one of the biggest and most anticipated things that has ever happened to the Cardano ecosystem. With the implementation of the update, Cardano will receive a number of important Improvement Proposals (CIPs) that are aimed at updating the network’s overall performance and throughput.
Smaller changes will affect the optimization of the Cardano network and make it more developer-friendly, which is an extremely important change for the most actively developed network in the industry.
Cardano decentralized applications are expected to become more user-friendly and optimized. Onboarding of applications that are currently in development is also expected to become more straightforward and simpler.
With improved network performance, easier dApp development, and interoperability, Cardano is set to carve out a place among the biggest projects in the digital asset industry.
