Cardano founder shares fundamental information about the project's development
Cardano founder Charles Hoskinson has responded to a user's claim of sending 56 distinct Cardano Native Tokens (CNTs) and other NFTs in a two-minute network transaction for a total fee of roughly 25 cents.
Cardano's developer, clearly delighted with the network's performance, went on to reveal the important inputs that went into developing Cardano. "This system took a lot of careful design and building," he says.
Expectations for the June hard fork combinator event remain high, with the community believing that the Vasil update may boost the influx of dApps via the CIP-33 (Reference Scripts) set to be introduced with the Vasil Hard Fork.
The goal of reference scripts (CIP-33) is to lower overall transaction costs. Currently, each transaction necessitates the introduction of new scripts. Reference scripts can be used to interact with scripts, causing them to be added to the chain. As a result, the interaction between smart contracts is reduced to the greatest extent possible.
Vasil in June
According to a recent IOHK release, the closed Vasil testnet has already been deployed to evaluate its functionality with a small collection of dApps and users. In addition, the Cardano team continues to work on consensus-specific enhancements in preparation for the Vasil Hard Fork Combinator (HFC) event.
The public testnet for the next Vasil Hard Fork could be available in early June, with the mainnet scheduled to launch on June 29
At the time of publication, ADA was trading at R9,16, down about 7% as traders took profits. ADA climbed from a low of R6,83 on May 27 to a high of R10,69 on May 31 before reverting.
The Cardano network has now generated over five million NFTs in advance of the much anticipated hard fork. According to pool.pm data, the quantity of native assets issued on the Cardano blockchain is presently 5,019,030, with 54,986 different minting rules.
