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The development team behind Cardano (ADA) has confirmed the date for the long-awaited Vasil hard fork upgrade of its smart contract platform.
Input Output Hong Kong (IOHK), the team behind the Ethereum (ETH) challenger, To tell The update will go live on September 22nd.
“VASIL Upgrade: Date Confirmed.
After successful completion and extensive testing of all core components, as well as confirmation of community readiness, [The Cardano Foundation] We can announce Vasil’s upgrade on Cardano mainnet today, September 22nd. ”
IOHK says Vasil’s hard fork is the “most significant” Cardano upgrade to date, as it will significantly increase the blockchain’s network capacity and reduce transaction costs. says it will power Cardano’s smart contract mechanism, Plutus.
According to IOHK, all the parameters they set to release Vasil had been met, so the company was scheduled to launch.
We are tracking well against all three metrics, [The Cardano Foundation] Configured for boot:
– 75% of mainnet blocks created by final Vasil node candidates (1.35.3)
– Approximately 25 exchanges have been upgraded (approximately 80% ADA liquidity).
– Top 10 DApps [decentralized applications] by TVL [total value locked] Make sure you are ready. ”
IOHK said ADA users can expect a smooth transition.
Thanks to Cardanos unique hard fork combinator, we can expect a seamless technology transition without user disruption or block production interruptions. Users dont need to do anything.
Cardano is trading at $0.459 at the time of writing.
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