According to Hoskinson, Cardano hopes to get rid of the original wallet notion but instead have a blueprint with set standards to guide developers in releasing certified wallets, he said during a videocast on September 28. Hoskinson pointed out that the set standards can act as a benchmark for the rest of the community in developing a functional ADA wallet. It is worth pointing out that in recent years, Cardano has experienced significant growth, a factor highlighted by the number of ADA wallets. As reported by Finbold on August 3, the number of ADA wallets had surpassed the 3.5 million mark.
Importance of community organizations
At the same time, Hoskinson hailed the significance of having community-centered organizations singling out the need to improve the blockchain. The concept aligns with Hoskinson’s previous push to have more developers join the Cardano platform. As reported by Finbold, Hoskinson said the developers are needed citing the amount of work ongoing on the network. Some of the cited activities requiring developers’ input include the plans for the foundation of multiple committees, such as “the governance steering committee and technical steering committee”. His plea emerged before the successful rollout of the Vasil hard fork that seeks to improve the network’s smart contract capability, among other functions.
Vasil hard fork success
To this end, Cardano’s parent company, Input Output, issued an update on September 28 regarding the upgrade. According to the company: Notably, the upgrade is considered bullish for ADA, although the general crypto market correction has outweighed the asset’s price. Featured image via C.Hoskinson YouTube
