Number of active Cardano pools near 3,000 as Vasil hardfork approaches

In addition to this, anybody may contribute ADA coins to any pool as long as they do so before the pool reaches its maximum capacity. An incentive pool must create blocks to be eligible for a reward. Only then will it be considered, so delegators thus need to be well informed.

According to Cardano blockchain insights data, the number of native assets issued on the Cardano blockchain is now over 5 million, with 54,831 distinct minting policies.

Vasil hardfork

The aim of the update is to grow the Cardano protocol and significantly increasing its transaction throughput and, with it, volume and liquidity.

The solution to this issue is called “diffusion pipelining,” and it involves boosting the budget and enhancing the consensus layer in order to permit quicker block propagation and validation times. While the consensus rules remain the same, this implementation enables the use of bigger blocks, resulting in greater transaction throughput.

Finally, as things stand, Cardano is trading back above the crucial $0.50 level at $0.53, up 12.19% on the day, according to CoinMarketCap data.