Share this article
Cardano has launched a new hard fork, allowing developers to issue native assets on the blockchain.
Cardano Supports Native Custom Assets
IOHK, the development company behind Cardano, activated a new hard fork known as Mary on Mar. 1 at 21:44:51 (UTC).
Mary is the second of the three hard fork events in the Goguen era–the current phase in Cardano’s roadmap focused on expanding the network’s capability.
— Input Output (@InputOutputHK) March 1, 2021
Cardano’s founder Charles Hoskinson called the move “historic” as it marks the first time the network will generate customized native tokens.
This means developers can now mint various crypto-based assets on the network, including utility tokens, security tokens, NFTs, and many others.
“I have no doubt we will see hundreds of assets, most worthless, some very prominent, launched on the Cardano network,” Hoskinson said in a video.
Issuing native assets is a critical step in creating a rich ecosystem of decentralized applications and will help the Cardano team in replicating the success of Ethereum.
Shortly before the hard fork, ADA, the native asset of Cardano, broke into the top three cryptocurrencies. It is currently trading at its all-time high prices, as per CoinGecko.
However, despite native assets going live, the network still does not support smart contracts–a fundamental requirement for building dApps.
Hoskinson said that full smart contract programmability is expected by likely the end of Q2 2021 after Alonzo, the third hard fork of the Goguen era takes place.
Cardano Makes New Yearly Highs While Technicals Warn of Potential Corr…
Cryptocurrency enthusiasts are paying heightened attention to Cardano after ADA breached new yearly highs. Still, a particular technical indicator points to a retracement before higher highs. Cardano Breaks New Yearly…
Cardano Enters New Bullish Cycle Towards All-Time Highs
The sixth-largest cryptocurrency by market cap, Cardano, has gained the buying pressure needed to resume its bull run following a steep correction. Now that sidelined investors have re-entered the market,…
Looking Back on 2020 and 2021 Predictions
Happy New Year from all of us at Crypto.com Research! 2020 was an unprecedented year for the world and for crypto. Before we fully plunge into 2021 predictions, we will…