Cardano: Hoskinson is ‘quite happy,’ but will Vasil have same effect on ADA’s price

ambcrypto.com:

Cardano founder Charles Hoskinson traveled to Dubai for Binance Blockchain Week 2022, but he certainly didn’t leave the Cardano community on read. Hoskinson loves connecting via AMAs and this occasion was no different as he used his spare time to discuss, among other things, what to expect from Cardano soon.

Hoskinson reported that March was a “heavy” development month, pointing to the progress with the extended UTXO model, Hydra, and pipelining – all aimed at helping Cardano scale. He further added,

“So the Vasil hard fork is going to be a pretty significant one. One hand you’re going to have big throughput increase. On the other hand, you are going to have new ways of developing Cardano contracts that don’t require high throughput. So it’s always nice to see that and it’s long overdue.”

The Cardano founder explained that the updates were originally scheduled for February and June this year. However, it was later decided to push most enhancements to the June hard fork.

Though Hoskinson claimed it would likely be an “overloaded release,” he later said he is “quite happy” with the progress Cardano is making. Furthermore, testing is also reportedly on schedule.

An ordinary crypto-investor with little interest in Cardano’s development activity might be wondering what this means for their portfolio. While the crypto-landscape has transformed over the last year, a Twitter account tracking Cardano insights pointed out that ADA’s price often shoots up before a hard fork.

Ergo, the question – Could Vasil accomplish the same?