Kevin Hammond, a software engineer at IOHK, said that a hard fork will be held on the Cardano network in mid-December, which will be the next step towards updating Goguen.
Kevin Hammond (Kevin Hammond) stressed that the hard fork should not be afraid. Unlike other blockchains, the Cardano network does not stop block production during a hard fork, and the update itself is automatic. This allows you to quickly and easily perform updates and implement new features.
The new hard fork should make the Cardano network even more efficient, as well as add a token blocking feature. This function allows you to determine how the token is used. In an article on the company’s blog, Hammond explained:
“Blocking in this case means reserving a certain number of tokens for a certain period of time, so that they cannot be used for various purposes. For example, for voting or executing smart contracts.”
Also, according to the developer, soon the Cardano network will integrate user tokens that can be used along with its own ADA cryptocurrency.
Recall that at the end of July, IOHK launched the Shelley update in the main Cardano network, which opened up access to the staking system for users. The Goguen update should add support for smart contracts.