What Investors Need to Know About the Cardano Update

Charles Hoskinson, the founder of Cardano (CRYPTO: ADA), announced that the Cardano blockchain will be releasing a series of upgrades that will go live by the end of June.

Known as the Vasil hard fork, the updates are meant to increase network capacity, thereby increasing transaction speeds and lowering fees. It will also create new smart contract capabilities and other general upgrades to support further development of decentralized finance (DeFi) applications. 

Image source: Getty Images.

Continue reading

Source Fool.com