Cardano Set to Launch Hard Fork Upgrade on March 1

Cardano Set to Launch Hard Fork Upgrade on March 1

Cardano (ADA), the tenth-largest cryptocurrency, has recently released the date for its long-anticipated Hard Fork Combinator (HFC) event termed “Mary.” According to the founder of the project, Charles Hoskinson, the network upgrade will occur on March 1, after a satisfactory developer checks and quality assurance result on the HFC on February 24.

Hoskinson noted that the HFC event would get executed five days from its initial trigger from the current epoch. This means that if the original trigger occurs on February 24, the hard fork will occur on March 1. However, he highlighted that some variables could alter the course of the schedule, including unfavorable weather conditions.

The founder is very optimistic about the trajectory of the upcoming HFC event, noting that a lot of work has been put into it to ensure a hitch-free event. He stated that “we’ve been testing it for almost a month on the testnet…looks good. Exchanges are happy. We’ve done a huge QA set, so…looks like it’s going to take off on schedule.”

Cardano’s Latest Version of Daedalus, Flight
Hoskinson added that existing Cardano network users would have to upgrade their node to enable them to have access to the new network upgrade by installing the latest version of Daedalus, Flight.

According to the founder, Flight will be the first version of the Daedalus wallet with the ability to support the native multi-asset interface. The wallet would also be upgraded to Flight in the first week of March.

Charles Hoskinson

That said, after a two-week burn-in, Flight will get upgraded to the Daedalus mainnet, the primary version of the wallet, in mid-March.

The Mary hard fork will be one of the most significant upgrades for Cardano and bring a truckload of opportunities for the Cardano community and companies using/hosted on the network. It has got noted that this upgrade will “fully unlock Cardano’s smart contract functionalities.”

Worth mentioning is that Cardano’s native cryptocurrency, ADA, has recorded immense price surges since the beginning of the year, as investor interest spikes. That said, the HFC event could attract even more investors to ADA.

 

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.