Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Cardano Forum => Topic started by: Cordillerabit on March 03, 2021, 04:22:04 PM
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With today's hard fork, the Cardano blockchain, which runs the ADA (-4.04 percent ) token, will become a multi-asset chain.
The hard fork, dubbed "Mary," will allow users to create tokens that run on Cardano natively, just like ADA. One of the first major use cases for Ethereum was enabling new tokens, which enabled 2017's multi-billion dollar initial coin offering frenzy.
Charles Hoskinson, the founder of IOHK, the company behind Cardano, called the move "historic" in a video update previewing the hard fork.
According to Hoskinson, the transition should be relatively painless for node operators. All they need to do now is update their software, and everything should be fine. “We've been testing it for nearly a month, and the results are promising. “We're having a good time,” he said in the video.
Cardano recently surpassed Bitcoin as the third most valuable cryptocurrency by market capitalization. In addition to co-founding IOHK, Hoskinson was also a co-founder of Ethereum and BitShares with Dan Larimer.
Source: Bityard (https://support.bityard.com/hc/en-us/articles/900005694823-Blockchain-News-With-today-s-hard-fork-Cardano-becomes-a-multi-asset-blockchain-)
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One thing am not very clear with is - is the hard fork 'Mary' for all ada holders, and is it like going to be traded or nothing of that nature, or this isn't that kind of fork!
Ada has always been a strong project and this latest milestone just attest to that.