Ledger has audited and released Vacuumlabs & IOHK’s new update of the Cardano application. This update enables the support of the Mary hard fork paving the way for the creation of smart contracts on the Cardano blockchain.
The Mary Fork: a huge update in Cardano’s wider Goguen roll out
As you ADA hodlers have probably heard, the Mary hard fork was deployed on March 1st thanks to an HFC (Hard fork combinator) event, which lets protocols connect without any interruptions. Usually, a hard fork results in the death of the previous protocol. However, with HFC, Cardano will retain Byron and Shelley blocks within the Mary protocol (so, no new coins nor user action required).
The Mary protocol will enable multi-asset and native token functionality on Cardano.
This will allow any user to create a fungible and/or non-fungible token, supporting the generation of new cryptocurrencies on Cardano as well as the tokenization of many types of digital and physical assets.
Next step of the Goguen Phase will be the integration of smart contracts. Which will make it possible to develop and use decentralized applications on a large scale. Thanks to this, Cardano could see many DeFi and NFT projects blossom on its blockchain.
Ledger is ready for the future of Cardano
To provide our users with a seamless experience, Vacuumlabs & IOHK have provided an update for the Cardano application. The update is available directly in Ledger Live for both Ledger Nano S and Ledger Nano X.
This new 2.2.0 version will enable you to manage your coins, with third party wallets such as ADA Lite, Yoroi or Daedalus, all while benefiting from the security of your Nano.
Moreover, the update integrates the support of the Mary hard fork. Which means that it will allow Ledger users to support ADA coins along with any future token created on the Cardano blockchain. Similar to what is possible with Ethereum and its ERC-20 token standard.
So here’s to Goguen and beyond!