With today’s hard fork, Cardano becomes a multi-asset blockchain

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Adding new tokens to the mix is a step toward complete smart-contract features.

With today’s hard fork, the Cardano blockchain, which runs the ADA (-4.65% ) token, will become a multi-asset chain.

The hard fork, dubbed “Mary,” will allow users to build tokens that run on Cardano natively, just like ADA. One of the first major use cases for Ethereum was enabling new tokens, which allowed 2017’s multi-billion dollar initial coin offering hysteria.

Charles Hoskinson, the founder of IOHK, the company behind Cardano, called the change historic in a video update previewing the hard fork.

According to Hoskinson, the transition should be relatively painless for node operators. All they need to do now is upgrade their apps, and everything should be perfect. “We’ve been testing it for almost a month, and the test looks good. Exchanges are happy,” he said in the video.

Adding new tokens to the mix is a step toward complete smart-contract features.

Cardano recently surpassed Bitcoin as the third most valuable cryptocurrency by market capitalization. In addition to co-founding IOHK, Hoskinson was also a co-founder of Ethereum and BitShares with Dan Larimer.

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