Cardano, the seventh largest crypto by market cap, plans to activate the Shelley hard fork today at 21:44:51 UTC.
The hard fork is reportedly expected to be implemented without any interruption of service.
Some of the innovations introduced by this update are stake pools, delegation and rewards, which, according to the crypto community, will open a new stage of decentralization for Cardano.
Cardano founder Charles Hoskinson is really optimistic about the future of the platform, as he expects that within a year developers will have created thousands of dApps and that the number of projects launched in the project's blockchain will jump:
"This time next year I predict there will be hundreds of assets running on Cardano, thousands of dApps, tons of interesting projects and lots of unique use and utility. 2021 is going to be so much fun watching Cardano grow and evolve. The community is definitely ready to innovate."
Cardano's hard fork arrives only 1 day before Ethereum, another project co-founded by Hoskinson, celebrates its fifth birthday.
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