Popular altcoin among the top 10 coins with a market capitalization of $ 17.7 billion Cardano (ADA) The expected update has been delayed.
cardanoThe Input Outgot (IOG) team responsible for the development of the previously planned network upgrade delayed announced.
Commenting on the matter, team manager Kevin Hammond said, “There are a few more weeks until Vasil’s Hard Fork is released on the mainnet.” said. It was stated that the postponement was for further testing.
The Vasil update has been running on the testnet since June. This update is expected to increase Cardano’s scaling capabilities.
The Vasil update was originally scheduled to happen on June 29, but was delayed due to seven bugs detected.
Although the second postponement decision for Vasil was confusing, the eyes were turned to the announcements to be made in the coming weeks.
Cardano (ADA) fell with the market as a whole after hitting a high of $3.10 in September 2021. Having retraced 87% from its top, ADA has gained 30% from its low of $0.40 in recent weeks.
Traded at $0.52 as of our news hour, ADA continues to maintain the 8th place in the most valuable cryptocurrencies ranking.