Kevin Hammond, software engineer at IOHK, said that a hard fork will take place in the Cardano network in mid-December, which will be the next step towards updating Goguen.
Kevin Hammond emphasized that a hard fork should not be feared. Unlike other blockchains, on the Cardano network during a hard fork, block production does not stop, but the update itself takes place automatically. This allows for quick and easy updates and new features.
The new hard fork should make the Cardano network even more efficient and also add token blocking functionality. This function allows you to define how the token is used. In an article on the company’s blog, Hammond explained:
“Blocking in this case means the reservation of a certain number of tokens for a certain period of time so that they cannot be used for various purposes. For example, to vote or execute smart contracts. “
Also, according to the developer, the integration of custom tokens will soon appear on the Cardano network, which can be used along with its own ADA cryptocurrency.
Recall that at the end of July, IOHK launched the Shelley update on the Cardano mainnet, which opened the staking system to users. The Goguen update should add support for smart contracts.