We Are Ready for the Mary Hardfork!

Our Cardano stakepools, ADAMS and TESLA, as well as all of our relays are ready for the Cardano Mary hardfork event.  We are running cardano-node release 1.25.1, which is Mary-compatible.  We have been testing the node on our infrastructure for the last week and had no issues.

Charles Hoskinson has stated on his YouTube channel that the Cardano mainnet will go through the Mary hardfork in early March this year.  The Mary upgrade will transform the Cardano blockchain into a multi-asset ledger, allowing users to issue both fungible and non-fungible tokens similar to the ERC-20 and ERC-721 token standards on Ethereum. The operation of these native assets on Cardano will nonetheless be very different than the implementation on Ethereum. Significantly, no gas fees will be required to interact with a token smart contract on Cardano (unlike Ethereum). Since these new assets will be native to the Cardano blockchain, no smart contract will be required to issue or transfer them.  This is yet another significant difference between Cardano’s native asset system and that of Ethereum.  These new assets on Cardano will consist of, for example, stablecoins as well as other utility and governance tokens that can be issued to build an entire DeFi financial suite of decentralized apps (DApps). So, get ready for some amazing new DeFi apps to be announced, powered by Cardano!  With the full release of Goguen-era capabilities, Cardano will become a new, decentralized financial operating system making it possible for almost anyone to issue and trade new financial assets and services. Cardano’s future is both amazing and exciting!