Cardano inventor Charles Hoskinson and IOHK have announced the official date for the Vasil Hard Fork. After that, the ADA price increased by over 6%. Due to ADA’s performance, Cardano is witnessing interest from whales and investors.
Vasil Hard Fork preparation of exchanges and DApps
Cardano founder Charles Hoskinson and IOHK said on Friday that the Vasil Hard Fork will finally happen on September 22. The Hard Fork is named after Vasil Dabov, a Bulgarian member of the Cardano community, who died in 2021. The highly anticipated Vasil Hard Fork, cryptocoin.comPostponed twice, as you follow. IOHK and the developers wanted a smooth network transition after extensive testing.
Charles Hoskinson had previously hinted that the Vasil Hard Fork on the Cardano mainnet would most likely take place at the end of September. Also, a date will be announced after the details of the preparations are received by DPTs and crypto exchanges. It also reached 75% block production by SPOs running 1,35.3 nodes. Now, this parameter has gone over 87%.
The largest crypto exchanges in terms of liquidity are ready for the hard fork, including Binance, MEXC, and Bitrue. Meanwhile, Upbit, Coinbase, WhiteBit, BKEX and HitBTC continue to operate. XT.com, AAX, ChangellyPRO, and ZB.com have not yet started node upgrades. Interestingly, Binance accounts for 30-40% of Cardano trading volume. Also, 7 of the top 10 DApps completed the test. Or currently Minswap, Lending Pond, Aada, DQuadrant etc. Testing against 1.35.3 nodes, including Both exchanges and DApps have announced that they will finish the upgrade and testing before the expected September 22 date.
Cardano whale activity and sensitivity rises
Cardano is witnessing increased whale activity after listing Robinhood token on September 1 and Vasil Hard Fork date confirmation. ADA is the largest token purchased by the top 500 BSC whales in the last 2 days. Moreover, ADA is the most favored smart contract among the 2,000 largest BSC whales in the last 24 hours.
The sentiment of the Cardano Community is also positive in anticipation of Vasil Hard Fork. Popular ADA whale “ADA Whale” shared his bullish sentiment in Cardano in a tweet.
Cardano is the first protocol since Ethereum to offer a DeFi ecosystem largely without a VC pillar. It has security, decentralization, community and efficiency to be successful in a short time and it has Compound (Liqwid), AAVE (AADA) and Curve/Maker (Ardana) sequential + much more.
“We will wake up on September 22 and it will be just another day”
The fifth and latest upgrade of Cardano Blockchain will include improvements to the Plutus programming language. It also promises greater scalability for lower fees. Blockchain founder Charles Hoskinson announced this in his YouTube vlog on Friday. According to Input Output Hong Kong (IOHK), the altcoin-related R&D company working on the update, the three required critical mass indicators have been reached:
1- 75% of mainnet blocks are created by the last Vasil node candidate (1.35.3). 2- Nearly 25 exchanges have been upgraded (representing 80% of ADA liquidity). Top 10 DApps by 3-TVL confirmed upgraded to 1.35.3 in Pre-production. Plus, it’s main-net ready.
IOHK also shared that MEXC and Bitrue, among the top 12 crypto exchanges, are ‘ready’ for upgrade.
The developers promised greater scalability and lower fees from the Hard Fork, which will include the first major upgrade to the Plutus script, the programming language used for smart contracts on the Cardano Blockchain. The developers introduced Plutus in the previous upgrade called Alonzo, which took place in September of last year. Hoskinson said in his YouTube vlog:
If we’ve all done our jobs right, we will wake up on September 22 and it will be just another day. We started and knew that in time we could achieve what Ethereum did. However, we have prepared a roadmap to get there. […] There is a lot on the horizon, especially in 2023.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.