Unexpected Development in Cardano: Will Price Be Affected?

Cardano ecosystem’s most anticipated “Vasil Hard Fork“It has been reported that there will be a delay again. During the Cardano 360 event, Kevin Hammond, Technical Manager of IOG, did not share a clear date for the release, but he explained that there is likely to be a delay of several weeks. It was stated that the reason for the delay was to test the hard fork further and ensure a smooth process.

IOG Technical Manager Kevin Hammond He said the following on the subject:

“Obviously right now, we may need a few more weeks before we get to the real Vasil Hard Fork. This is incredibly important. All users must be ready to progress through the hard fork to ensure a smooth process.”

The Vasil mainnet hard fork was tentatively scheduled to take place in the last week of July after it was announced that there would be a change to the timeline towards the end of June. It was later stated that after the testnet hard fork on July 3, exchanges and SPOs (share pool operators) needed at least four weeks for testing.

How was the reaction on the side of Cardano?

Reactions to news of the delay were quite diverse. In a tweet: “Maybe it’s a little disappointing, but a few weeks’ delay isn’t a big deal in the big picture. Also, consider how many years people have been waiting for an ETH merger, at which point the chain will still only be 55% complete. I think they’re doing great.” shared the comment.

Last week, IOG reported that it is working on a new node v.1.35.2 in its latest weekly evaluation report. This release hopes to bring improvements and fix bugs found in previous node versions during Vasil testing. It has also been reported that the Plutus V2 cost model has been temporarily removed from the Cardano testnet and a potential issue raised by the community is being duly investigated.

However, teams continue to test Vasil functionality by working closely with dApps and projects built on Cardano.

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.


source site-6