Cardano Development Forward

Charles Hoskinson recently stated that he was prepping for the upcoming Consensus 2022, which would be held from the 9th till the 12th of June in Austin, Texas. He intends to demonstrate to the crypto community and Cardano aficionados that IOHK and the Cardano development team are reportedly open for business.

Furthermore, Hoskinson revealed that the Vasil hard fork (named former ADA ambassador Vasil Dabov) will take place in June and would significantly boost Cardano&39s performance.

In the past, Hoskinson said that this next hard fork will contain scalability enhancements like pipelining, updated Plutus CIPs, UTXO on-disk storage, and Hydra.

According to the founder, these improvements, when combined with parameter tweaks, would increase Cardano&39s throughput and optimize the system to support an expanding spectrum of DeFi applications, smart contracts, and decentralized exchanges.

Apart from these modifications, Cardano&39s IOG team is striving to provide its users with additional goods and services which include a dApp store, a new lightweight wallet, and bridges which enable assets to be moved from the main Layer-1 chain to different sidechains.