Cardano Smart Contracts Have Surpassed All Previous Records

Cardano (ADA) Surges as It Ready for Vasil Upgrade
  • After introducing the smart contracts in July it reached the 2000 mark.
  • The founder of Cardano said that there is no delay in upgrading in the future.

Cardano (ADA) updated the network in September 2021 to include the ability for smart contracts, enabling the blockchain to grow and operate more quickly. According to Cardano Blockchain Insights, after its introduction, it reached the 2000 mark in July. With the most recent update, the Vasil hard fork, on the horizon, plutus scripts enabled it to hit 3000 smart contracts on August 2.

Cardano plutus smart contracts (Source:cardano blockchain insights)

Charles Hoskinson said the reason for upgrading the Vasil hard fork

Headway of Vasil Hard Fork 

Users were reassured by Hoskinson on August 1 that the Vasil hard fork upgrade is undergoing final testing and that he does not foresee any further delays.

The inventor of Cardano observed that things are progressing successfully and methodically in the right direction. In that sense, we’re sorts of nearing the end of testing. So, lacking any fresh information, I don’t think there will be any further delays.

Only a few “edge issues,” he continued, still need to be resolved, and the Cardano team anticipates being prepared to provide an update with additional information in the middle of August.

Additionally, The world’s first bank for digital assets, Sygnum, also added ADA, the Cardano blockchain’s native coin, to its portfolio of bank-grade staking investments on August 2. Customers of the new service can stake Cardano using their existing wallets and earn staking incentives.

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