Cardano Events Ahead: June Hard Fork, P2P Protocol, DJED Stablecoin, and More

The Cardano network is getting ready for several big launches for the ecosystem in the upcoming months. The activity of developers on the network is near record-breaking, and blew is the expectations of the users this summer.

Read Also: Ethereum Beacon Chain Releases on a New Testnet in Preparation for Upcoming Merge

June hard fork

One of the biggest updates on Cardano will bring reference scripts, inline datums, and reference inputs. All integrations are expected to massively spike the throughput of the network.

one of the most significant updates will be reference scripts, which make transactions on the network smaller and cheaper by referring to existing prerecorded scripts from older transactions.

Full P2P network

With the release of P2P and gossip protocol, Cardano will get one step closer to full decentralization. After the implementation of the new functionality, end users will discover nodes without relays.

The network will become fully self-regulated and organic as there will be few hindrances to customers who are ready to make an investment decentralization of the ecosystem.

DJED stablecoin

One of the most anticipated solutions that are coming to the network is the release of algorithmic DJED stablecoin. The network can already offer users bridged USDC, but the decentralized algorithmic stablecoin would be a more efficient solution for Cardano.

The series of decentralized solutions and applications that Cardano is getting ready to release this summer is focused on attracting users and investors from all over the industry.

Read Also: Can Cardano’s smart contracts soon compete with Ethereum?

We are already seeing the outcomes of the high development and launch activity as Cardano’s underlying cryptocurrency, ADA, showed an almost 50% price increase in the last five days of trading.

Aside from all the above mentioned, earlier this week, Investors and users who wish to bridge their USDC from the Ethereum blockchain to Cardano were able to do so through Milkomeda. The user bridges Ethereum-based USDC to Milkomeda and then transfers it to Cardano as Cardano Native Asset.

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