Everything in the past is prologue. Since 2021, a new round of competitive public chains represented by Solana, Avalanche, etc. have been gradually fermented. Whether it is the basic framework level of technical architecture innovation or the practical application level of the perfect DApp gameplay, it has completely gone out of the way. pace.

And Cardano, which aims to "make the world work better for all" (Making the world work better for all), is also one of them. This sentence hangs on the homepage of Cardano's official website, which is also its vision and work. The thing - is committed to building a strong, fast, scalable, secure system to help people obtain critical financial and identification tools.

So when the behemoth in the encryption world collapsed in May this year, so that everyone was generally affected, Cardano was still advancing steadily and continued to move towards its vision, especially with the final launch of the smart contract and the upcoming Vasil in September. Upgrade, and now it's easier than ever to use and even build DApps with Cardano.

Here, we will take stock of the most important news of Cardano in the past few months, as well as the major impact that may be easily overlooked in the next few months, exploring the critical year of Cardano's ecological development.

Vasil hard fork upgrade

Cardano's Vasil hard fork, named after the late mathematician and Cardano ambassador Vasil St. Dabov, has recently been confirmed by the Cardano development team IOG. The mainnet Vasil hard fork upgrade will take place on September 22.

This Vasil upgrade has made major improvements to Cardano's custom smart contract language Plutus, mainly including:

- Increase block size to allow more on-chain transactions and scripts per block;

- Increased Plutus' CPU limit to allow more memory to be dedicated to scripts, allowing them to run more efficiently;

In other words, the Vasil hard fork upgrade is designed to allow the Cardano blockchain to do more, and do it better.

In addition, the Vasil hard fork will also introduce more technical upgrades, such as reference scripts (reference scripts) and direct insertion of data (inline datums), which can help Cardano run more efficiently and cost-effectively, while also becoming more and more decentralized. See the diagram below to see how it achieves this:

If all goes well, Vasil's mainnet launch will lay the groundwork for a new wave of DApps, new users, and ultimately the growth of the Cardano ecosystem's TVL, which is a huge win for everyone involved.

New Cardano Light Wallet

Unlike the full-node wallet Daedelus (for old-fashioned encryption, which fully synchronizes the history of the Cardano blockchain), IOHK's recently released Lace wallet will be more friendly and easy-to-use for users of popular wallets such as Metamask and Trust Wallet.

Among them, the Lace light wallet takes into account security and functionality on the basis of user-friendliness, allowing users to store funds, trade, pay, hold and view NFT, interact with DApp and even perform Staking operations.

We all know that accessibility will drive the next wave of encryption adoption, and Lace is a huge step in that direction, delivering a novice-friendly user experience without sacrificing important features or security .

A new open source toolkit for Cardano developers

Cardano recently released a freely accessible, decentralized application tool stack, also known as a decentralized application backend (DAB), for developers to build blockchain-based applications.

By using this DAB, developers can easily connect their DApps and wallets to Cardano without requiring a full node, and allow their DApps to read and write smart contracts, which will allow developers to get started without investing a lot of resources Building on their vision, it will also allow Cardano's global developer community to better collaborate on community-owned resources.

For developers, this is easy to operate and has comprehensive functions, which greatly reduces the learning cost and time cost. It also means that based on the complete and low-threshold development underlying infrastructure, developers can develop rich DApps with extremely low learning costs. Thus forming a Cardano ecology with a hundred flowers blooming.

Overall, this open source DAB is something that is sorely lacking in the Cardano ecosystem, so with its launch, we can expect accelerated growth in the Cardano ecosystem, which will help crypto developers start building products on Cardano, This allows more new users to enter the Cardano ecosystem.

Cardano at Consensus 2022

As one of the largest blockchain events in the world, Consensus2022 attracted more than 17,000 people from all over the world to Austin, Texas, USA, to celebrate blockchain and explore its future, including some The biggest names in the industry.

And Cardano also arranged several booths at the event, and even held its own community event, which attracted over 1,200 participants and ended with a lively party.

Among them, Cardano founder Charles Hoskinson spoke on several panels and discussions, including the "Cardano's latest progress in Africa" ​​event:

In his speech, Charles Hoskinson talked about the status of Cardano in the Ethiopian education system, and how the Cardano blockchain plans to expand its business to Kenya, Zanzibar, Burundi and other countries, including ridiculing that Kenya can obtain a way based on Cardano that allows "people Potential to have a stablecoin".

“Every time you give someone a cryptocurrency wallet, you give someone a self-sovereign identity, you teach them the basic principles of this ecosystem, like Plato took people out of the cave, they no longer see the shadow”, Said Charles Hoskinson.

Open fire to the crypto world

While some of the biggest crypto players once considered too big to fail do exactly that, the diverse global network of Cardano contributors continues to focus on what matters:

Building a protocol that can't fail, and while it will take time, the builders behind Cardano understand that when people's livelihoods are at stake (literally), at least follow the science closely before committing their ideas to chain approach to accountability is possible.

and

andAdaverseIt is working on this, and it is helping to build the future of the Cardano ecology——as a global investment incubator focusing on the Cardano ecology, Adaverse has invested and incubated more than a dozen high-quality projects covering multiple tracks, forming a Cardano ecology that has begun to take shape matrix.

Adaverse also focuses on the investment layout around the rapid development of Cardano and major upgrades in the later stage. For the start-up projects of the Cardano ecosystem, Adaverse can integrate its own multi-party resource advantages to provide one-stop investment and financing incubation services that many traditional investment incubators do not have.

This means that in addition to obtaining financial support, Cardano’s start-up projects can quickly access the Carnado ecological matrix with the help of Adaverse’s resources to realize the synergy between liquidity and DApp products.

The competition of public chains has always been cruel. Under the guidance of the vision of "making the world run better for everyone", Cardano has made many agenda advancements in the first half of this year. With the launch of smart contract functions and the enhancement of scalability , What kind of answer sheet can be handed over in the second half of the public chain competition, we will wait and see.

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