Cardano and Base Ecosystems Make Significant Strides in Scalability and Institutional Adoption

The cryptocurrency market has undergone significant changes since the introduction of smart contracts, originally led by Ethereum. However, new networks have emerged to address Ethereum's weaknesses, including speed, efficiency, and sustainability. Over the past few years, Cardano has become one of the most prominent challengers to Vitalik Buterin's 'supersmart contract'.

Recently, two major altcoin ecosystems, Cardano and Base, have achieved significant milestones. The Cardano network has officially begun the on-chain governance process for its van Rossem hard fork, following a successful evaluation by the Hard Fork Working Group. The Technical Steering Committee later ratified the necessary governance proposal.

The current timeline indicates that the ratification of the update can occur as early as July 18, with the expected activation date set for July 23. According to PoolTool data, approximately 62% of Cardano nodes have already been upgraded to version v11.0.1, while 81% of blocks are produced using the 11th protocol version.

Base has also made progress, with its Beryl update poised to activate on June 25. This upgrade introduces the B20 token standard, designed for stablecoins and tokenized financial instruments. The new solution aims to reduce costs while maintaining compatibility with ERC-20 standards.