Cardano’s ‘coin’ will now run after Bitcoin, Ethereum!

After Bitcoin and Ethereum, Cardano may now be the next big cryptocurrency in the crypto market which is going to expand its identity further. The Cardano network is due for a significant upgrade this month. Taking this upgrade as the basis, Input Output CEO Charles Hoskinson said in a post on Twitter that the next wave of Cardano is coming this month.

Cardano has come to be considered as the biggest rival of Ethereum. The Vasil hard fork upgrade to the Cardano network is due later this month, which will make it possible to bring new tokens from the Ethereum blockchain to Cardano. Sebastien Guillemot, co-founder of product-based blockchain company dcSpark, has also reacted to this tweet by Charles Hoskinson.

dcSpark co-founder Sébastien Guillemot also wrote about the upgrade to Cardano in response to Charles’ tweet. Sebastien Guillemot wrote, “Did you know that until now a lot of ERC20 tokens could not technically be ported to Cardano, due to its missing functionality. A new class of tokens after the Vasil update Which will include non-custodial tokens, stable coins and stateful tokens.

The hard fork update in Cardano is divided into three parts, also known as the Alonzo update. It is divided into Alonzo Blue, Alonzo White, and Alonzo Purple. As Cardano is now going to enter the GoGen Era, the developers will go through all kinds of tests and eliminate any bugs found in the network before that. It has three levels called Alonzo Blue, Alonzo White, and Alonzo Purple. At each level, smart contracts will be tested for and bugs found in the blockchain will be removed.

After the upgrade, Cardano’s competition with Ethereum will become direct and Cardano will gain more height against Ethereum. This upgrade is an essential part of Cardano’s development which is divided into five parts. These are – Bryon, Shelley, Gozen, Basho and Voltaire (Byron, Shelley, Goguen, Basho, Voltaire). Currently Cardano is close to finishing the part of the Chalet. After that it will enter Gojen. The entry into Gozen will also mark the beginning of Cardano’s smart contracts.

Cardano network capacity will increase significantly after entering the GoGen Era. Think of it as if the core system was decentralized in Shale Era. While the ability to create Decentralized Applications (DApps) in GoGen Era will also come to the Cardano network.

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