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Ethereum (ETH) challenger Cardano (ADA) has set a new transactional milestone as the long-awaited Vasil hard fork upgrade approaches.
According to Cardano blockchain explorer Cardanoscan, the most recent smart contract platform is Beyond 50,000,000 total transactions.
Cardanoscan data also reveals that around 920,000 transactions have occurred in the last 15 days.
Cardano’s Vasil hard fork, scheduled for Sept. 22, brings ETH competitors one step closer to realizing its ambitions, as ADA co-creator Charles Hoskinson previously stated.
It is becoming more clear that the distance between us and others is growing. We built Cardano as the worlds financial operating system. Built it to bank people.
We built it as a community that gives economic identity to those who do not have one, so that we can have one global and fair market.
It’s a crazy mission, and while it feels vast in scope, Vasil, scheduled for September 22nd, makes it feel much more achievable.
Hoskinson said that once the hard fork is complete, Cardano will continue to evolve as an ecosystem by becoming more portable, useful, and scalable.
Just one week after the major altcoin ETH transitioned from a proof-of-work consensus mechanism to a proof-of-stake, the Vasil hard fork kicked off, essentially rendering mining obsolete.
This integration will reduce the token supply of ETH, make the blockchain greener, and reduce transaction fees.
The ADA is trading at $0.467 at the time of writing, down 3.6% over the past 24 hours and down 10.3% from its seven-day high of $0.521.
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