If all goes well and no bugs or slowdowns delay the update, Cardano founder Charles Hoskinson expects the Vasil hard fork update to happen in September. IOHK will work with the Cardano community to set a date for the Vasil hard fork. Additionally, the team will hold a meeting with the Stake Pool Operators (SPO) to get an update on the preparations on their part.
Charles Hoskinson Announces Hard Fork History
Charles Hoskinson, the founder of Cardano, published a report on Aug. on video He said things are moving very fast and he predicts the Vasil hard fork will most likely take place in September.
“Things are moving very fast, extensive testing is still being done by both the community and us, and there is a lot of integration work going on behind the scenes, so all this infrastructure looks good.”
The team will work with the Cardano community to set a clear date for the Vasil hard fork, which is expected to take place in September. In addition, meetings will be held with SPOs to get updates on Vasil hard fork preparations. Also, exchanges will be upgraded to 1.35.3 to provide liquidity.
Additionally, Cardano developer Adam Dean confirmed yesterday that the Vasil hard fork will arrive sooner than expected.
Cardano (ADA) Price May Reach $0.55 Soon
A correction took place in the crypto markets due to Fed Chairman Jerome Powell’s hawkish stance on rate hikes. However, Cardano (ADA) price is moving strongly despite the correction. The ADA price may soon reach $0.55 in anticipation of the September hard fork.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.