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WHAT’S NEXT FOR $ADA, WITH #CARDANO #VASIL HARD FORK DELAYED? Cardano is one of the most eco-friendly, environmentally sustainable cryptocurrencies in existence. In contrast to #Bitcoin, which uses proof of work to solve complex math problems and receive new coins, Cardano is proof of stake, in which users pledge their coins for the right to validate transactions and earn more coins. And that makes all the difference. Because Cardano does not rely on energy-intensive mining that uses thousands of powerful computers, that immediately reduces its carbon footprint. In fact, some Cardano backers say that it is now 37,500 times more energy efficient than Bitcoin. Co-founder of Cardano, Charles Hoskinson, is one of the best-known voices advocating for the crypto industry in Washington, D.C., right now. He knows exactly how the regulatory game is played, which is something that could prove vital if the climate emergency narrative intensifies and the Biden White House starts passing a number of executive orders. This summer, media outlets praised Hoskinson after his testimony in front of Congress, in which he eloquently argued for a more rational approach to crypto regulation. This is the type of person you want making the case against regulatory overreach. ADA seemed unfazed by the news that the Vasil hard fork upgrade has been delayed for a few more weeks.
Most ADA proponents on Twitter were not phased by the delay, saying it is better to do the upgrade properly.
Despite the somewhat disappointing news that Cardano’s Vasil hard fork upgrade will not take place for another few weeks, the native token that powers its blockchain ADA is performing well,