Cardano [ADA]The founder of Charles Hoskinson recently fell out with a Twitter user.In a tweet, the ADA founder stated that he is not the driving force behind the popularity of the Vasil hard fork.
On a related note, Vasil’s hard fork will take place on September 22 and has attracted a lot of public attention.
Bitcoin maxis are beyond stupid.I can’t even force the vasil hardfork and everyone wants it https://t.co/bR4FoAYikq
—Charles Hoskinson (@IOHK_Charles) September 8, 2022
So what happened then?
Bitcoin [BTC] maximalist bryan (@btc_bryan_21) took to Twitter to claim that Hoskinson could alter the number of ADA tokens as a result of alleged centralization.Cardano’s maximum supply is set at 45 million ADA tokens.
However, the Twitter user claimed that since blockchain monetary policy is relatively changeable, nothing would stop the crypto tycoon from changing it.
For that we have an answer…
Hoskinson adamantly denied the credibility of these accusations.Furthermore, he called the Twitter user “stupid”.This is not the first time that the Cardano founder has commented on BTC maximalists.
In July 2022, he claimed that BTC maximalists are “toxic” and “useless” people to interact with.
The aforementioned statement was made in response to claims by MicroStrategy’s CEO that ADA is an unregistered security.
Since all ADA tokens now exist in the possession of their rightful owners, Cardano has consistently resisted the idea of destroying them.Hoskinson claims that this would be equivalent to robbing the neighborhood.
Eight of the largest cryptocurrency exchanges have modified their infrastructure, according to IOHK.
Additionally, the Cardano network development team is now gearing up for the much-anticipated Vasil hard fork.
Additionally, three of the twelve major Cardano liquidity exchanges are up for the upgrade.Various exchanges including Gate.io, MEXC, Bitrue, OKx, Whitebit, BtcTurk, AscendEX, and Revuto have upgraded their platforms.
Why is the Vasil update important?
“Vasil is the most significant Cardano upgrade to date, bringing increased network capacity and lower cost transactions,” the Cardano developer stated via Twitter.
Vasil’s hard fork plans to scale and grow as much as possible.Furthermore, it aims to improve the development environment for Web3 engineers building decentralized applications on Cardano.
Plutus, a smart contract development platform on Cardano, will also receive improvements as part of the update.This will give developers the ability to produce more effective blockchain-based applications.
Also, the Vasil hard fork has led ADA to get a bullish narrative on the market.The total market value of the Cardano smart contract platform has risen to briefly cross the $16 billion mark.
Furthermore, according to TradingView, Cardano’s market value was below $15 billion earlier this month.However, it briefly surpassed $17 billion when the price rose from $0.49 to $0.50.The current market value is $16 billion.
Notably, the crypto community anticipates that the Vasil fork will cause the price of ADA to increase by 35% in September.Nearly 14,000 people forecast ADA to trade at $0.62 at the end of September, according to CoinMarketCap’s price estimation functions..
