A popular Cardano whale clarified which category of investors ADA is targeting. The statements he made on Twitter became the beginning of the discussions that went back to Vasil’s hard fork. Here is what has been talked about on social media recently about ADA.
Cardano whale explains what it means to bet on ADA
On Saturday, August 13, a hugely popular ADA whale revealed which category of investors Cardano is targeting. “ADA Whale” told his more than 110,000 Twitter followers:
A bet on Cardano is a claim that most potential users who haven’t yet boarded are roughly looking for something between Bitcoin and the most famous DeFi L1 protocols (the ones that are constantly being hacked). Welcome to the norms.
A bet on Cardano is also a bet that the majority of potential users that aren’t onboarded yet will look for something that’s roughly in between Bitcoin and the most on the edge famous-for-DeFi L1 protocols (the ones that get hacked all the time). We welcome the normies
— ADA whale (@cardano_whale) August 13, 2022
One of those who later replied to him was the operator of the UK-based VEGAS ADA Pool:
There will come a time when people will compare features, compare price, and then realize how cheap ADA really is. This FOMO will hit like 2017 did; when there is no product.
There will come a moment when people will compare features, will compare price and then realise how incredibly cheap $ADA actually is. That #FOMO is going to hit like 2017 did; when there was no product. I've not felt that lust that I did back in '17 when it simply pumped hard
— VEGAS ₳D₳ 🐂 Pool (Going to RareBloom) (@VEGAS_ADA_Pool) August 13, 2022
On Friday, August 12, “ADA Whale” offered a summary of IOG’s mid-month development update on progress towards the Vasil upgrade:
Dev notes #Cardano mid month update, non exhaustive:
– new node 1.35.3 released, downstream component integration kicked off
– Vasil: NO cat 1-3 severity bugs outstanding, critical for go ahead
– Few weeks of integration follow, if no cat 1-3 bugs, Vasil follows. On track
— ADA whale (@cardano_whale) August 12, 2022
Whale continued his statements as follows:
- The under-the-hood changes that have helped Node’s performance and stability, most importantly: it has changed the way it deals with the consensus protocol. He went from transition to full Praos”.
- The new pre-production mainnet environment is being prepared for testing.
- New Vasil coming soon
On August 1, Cardano founder Charles Hoskinson shared some important news about the delayed Vasil. Hoskinson clarified on this date specifically why the Vasil hard fork was delayed for the second time. Also, Vasil posted a short video where he provided a status update on testing the protocol update.
Charles Hoskinson said they were looking for possible faults
Charles Hoskinson shared details about Vasil on his Youtube channel, where he regularly broadcasts. In the August 1 broadcast, Vasil gave a comprehensive statement about the delayed hard fork:
Initially we planned to do the hard fork with 1.35 and submitted it to testnet. Testnet is forked under that. Then there was a lot of testing, both internally and in the community. A number of bugs were found: three separate bugs that resulted in three new versions of the software. And now we have 1.35.3, it seems it will be the version that will survive the hard fork and move on to Vasil.
What is the Vasil hard fork changing in the Cardano network?
Vasil hard fork is one of the most anticipated upgrades for Cardano. Meanwhile, as we touched on above, the Cardano network had to go through a network upgrade in the form of a hard fork in June this year. However, the event has been postponed several times and has not yet taken place. Vasil is named after the late Bulgarian mathematician Vasil Dabov, who was a member of the Cardano community. Vasil, part of Cardano’s third development period, is a crucial network upgrade aimed at increasing the availability and scalability of the network. The upgrade is expected to take effect for 2022 after the June and July delay. cryptocoin.comIn this article, we have explained what you need to know about Vasil hard fork.
