Altcoins

Charles Hoskinson Says There’s No Going Back on Cardano Upgrade, Details Project Outlook for Next Three to Six Months

Cardano (ADA) co-creator Charles Hoskinson says that the next three to six months look really good for the smart contract platform.

In a new video update, Hoskinson tells his 315,000 YouTube subscribers that all systems are go for Cardano’s Vasil hard fork upgrade, which is slated to launch this week.

“We don’t anticipate there will be any issues, but there’s no going back now. No amount of testing or anything can save us because [the] rocket’s in the air. It either explodes in air or reach orbit and obviously it’s going to reach orbit.”

Hoskinson goes on to say that he envisions the next half a year being a good one for the Ethereum (ETH) competitor as he notes Cardano’s metrics look good, and he expects developers to create new applications for the blockchain’s ecosystem.

“This has been a very hard year for everybody. [It] didn’t work out the way any of us in the space intended. There was a $600 billion dollar wealth destruction as a result of the collapse of LUNA.

Six hundred billion, not million, that fled through the market and all kinds of craziness that we’ve all had to deal with, and it’s been very fatiguing and very hard to keep up with the frenetic pace of things.

The good news is that we’re still here and by every appreciable metric, Cardano is one of the strongest cryptocurrencies in the space, and we continue to upgrade, and we continue to have great vision. In that respect, our DApp [decentralized application] community continues to build as well. After Vasil, we should see a lot of stuff launched and that’s pretty exciting.

So the next three to six months are going to look really really good and we should exit the year very strong, entering into 2023 with lots to look forward to and a lot more for the community…”

ADA is changing hands for $0.44 at time of writing, an 8.48% decrease on the day.

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The post Charles Hoskinson Says There’s No Going Back on Cardano Upgrade, Details Project Outlook for Next Three to Six Months appeared first on The Daily Hodl.

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