The Vasil hard fork, which Cardano (ADA) investors have been waiting for a long time, has reached its final stage before its launch.
The update on the Cardano mainnet, which was planned to take place at the end of June but postponed due to security measures, will come into effect at the end of July, according to new news. The developer team behind the Cardano blockchain Input Output company announced on Tuesday that it submitted a proposal to hard fork the testnet of the ADA blockchain, thereby enabling development on the mainnet. The countdown has begun.
The Vasil upgrade is planned to bring “significant performance and capability upgrades” to the blockchain. The hard fork, which is scheduled to be commissioned by the end of July, describes it as “the biggest and best upgrade to date.” According to the company’s statement, the update is also more beneficial for developers.higher throughput, improved scripting performance and lower costs provides.
If all goes well, the upgrade on the testnet July 3rdwill take place in. Cardano community, in the testnet To examine two applications and enable the hard fork at least four weeks demanded. IOHK said the mainnet hard fork will happen “when everyone is comfortable and ready.”
The developer company twitter His statements on it are as follows:
We are happy to announce that we are offering an update to hard fork Cardano Testnet and start the countdown for the Vasil mainnet upgrade. With over 75% of the test net blocks created by the new Vasil node (1.35.0), we now have a good chain density to move forward safely. Next week, we’ll share more with you on progress as we receive another system development update from the IOG team.
Made on Cardano blockchain last major upgradewas included in the chain in September 2021 as the “hard fork of Alonzo” using Plutus scripts, a smart contract development language built specifically for Cardano.
At the time of writing, Cardano ($ADA) price is daily 4.30% with a drop $0.44 has fallen to its level.