$ADA: Charles Hoskinson Says There’s ‘No Going Back’ on Vasil Hard Fork

Cardano co-creator Charles Hoskinson has recently suggested that there’s “no going back” on the network’s upcoming Vasil hard fork, which is expected to deliver “massive performance improvement” to the network but has been delayed a number of times.

In a video shared with Hoskinson’s over 300,000 subscribers on the video-sharing platform YouTube, he noted that the network is ready for the upgrade and that there is now no turning back from it, saying:

We don’t anticipate there will be any issues, but there’s no going back now. No amount of testing or anything can save us because [the] rocket’s in the air. It either explodes in air or reach orbit and obviously it’s going to reach orbit.

The Vasil Hard fork is expected to go live later this week and will include a number of Cardano Improvement Proposals (CIPs). As reported, the total market capitalization of ADA surged to briefly surpass the $17 billion mark ahead of the network’s highly-anticipated hard fork, before a wider market downturn saw its market cap drop under the $16 billion mark.

In the vídeo, Hoskinson noted that he sees a bright future ahead for Cardano in the near term as the network has been moving along well, despite everything that has been happening in the cryptocurrency space. Hoskinson pointed to Terra’s collapse earlier this year as an example, saying there was “a 600 billion dollar wealth destruction as a result of the collapse of LUNA.”

Hoskinson, as Daily Hodl reports, added that cryptocurrency users have been dealing with “all kinds of craziness” and that it has been “very fatiguing and very hard to keep up with the frenetic pace of things.” He added that Cardano is currently “one of the strongest cryptocurrencies in the space” as it continues to upgrade and to “have great vision.”

To Cardano’s co-creator, the next three to six months are “going to look really, really good” as he believes ADA will enter 2023 with “lots to look forward to and a lot more for the community.” Hoskinson also pointed out that after the Vasil hard fork there should be new launches on Cardano’s decentralized finance (DeFi) space.

As CryptoGlobe reported, the Cardano network has recently surpassed the 50 million transaction milestone after processing well over 50,000 transactions per day over the past few weeks.

Source