Cardano’s Vasil Upgrade Cannot Be Forced, Says Charles Hoskinson

Cardano’s Vasil Upgrade Cannot Be Forced, Says Charles Hoskinson

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September 9, 2022 by Vignesh Karunanidhi

In a recent tweet, Cardano’s Charles Hoskinson emphasized the decentralization of the blockchain by stating that he is unable to force the Vasil hard fork in response to a critic. The much-anticipated upgrade is anticipated to happen on September 22.

@btc bryan 21, a Bitcoin maximalist, claimed that Hoskinson could unilaterally alter the supply of ADA as a result of its purported centralization.

Cardano’s highest supply is maxed at 45 million ADA, but the critic claimed that since the blockchain’s monetary policy is very moldable, nothing would halt the crypto tycoon from changing that.

Cardano’s Hoskinson said Bitcoin maxis are beyond stupid

In July, Hoskinson also said that Bitcoin maximalists are the most “toxic” and “useless” people to engage in reply to ex-MicroStrategy CEO asserting that the ADA token is unregistered security. Hoskinson plainly rejected such an idea, adding that they are “beyond stupid.”

Since all ADA tokens are in the possession of their rightful owners, Cardano has consistently opposed the concept of burning them. Hoskinson claims that this would be equivalent to stealing from the ADA community. He compared the notion of burning ADA to stealing food back in September.

Cardano’s Vasil Upgrade Cannot Be Forced, Says Charles Hoskinson 3

In other news, the Daedalus wallet’s mainnet release was announced by Input Output, the firm that developed the Cardano blockchain. When redeeming incentives testnet (ITN) rewards, errors when selecting syncing wallets are just one of the problems fixed in version 5.0.0.

Older Daedalus executables that wouldn’t be deleted in earlier versions after auto-update has also been removed. In addition, Daedalus 5.0.0 now sends the correct number of tokens when the fee calculation process results in an error.

At the time of writing, ADA is trading at $0.494188, with a 4.9% gain in the last 24 hours. ADA has gained 7.1% and 6.1% in the last 7 and 14 days according to the data from Coingecko.

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