Cardano’s Vasil Hard Fork will happen on September 22—three months after the intended date.
Charles Hoskinson, the creator of the blockchain, stated Friday on his YouTube vlog that Cardano has selected September 22 as the date for its Vasil mainnet upgrade. The hard fork has been postponed twice since it was initially slated for June of this year.
The blockchain’s fifth upgrade, which will be the latest, will enhance the Plutus programming language and promises increased scalability at cheaper costs. Three crucial critical mass indicators have been met, according to Input Output Hong Kong (IOHK), a Cardano-affiliated R&D business that worked on the update.
- 75% of mainnet blocks being created by the final Vasil node candidate (1.35.3)
- Approximately 25 exchanges upgraded (representing 80% of ada liquidity)
- Top 10 DApps by TVL confirming they have upgraded to 1.35.3 on PreProduction and are ready for mainnet
The hard fork, which will include the first significant change to the Plutus script, the programming language used for smart contracts on the Cardano blockchain, will result in increased scalability and cheaper fees, according to developers. Plutus was first introduced in the Alonzo upgrade, which was made in September of the preceding year.
“If we’ve all done our job right, we will wake up on September 22, and it will be just another day,” Hoskinson said on his YouTube vlog.
Vasil Dabov, a deceased Cardano community member from Bulgaria who passed away in 2021, is remembered by the fork’s name. The price of Cardano’s ADA on Friday is $0.454, up 0.98% over the previous week.
VASIL UPGRADE: DATE CONFIRMED 💪
Following the successful completion & extensive testing of all core components, plus confirmed community readiness, we along with @cardanostiftung can today announce 22nd September for the #Vasil upgrade on the #Cardano mainnet. 🧵$ADA
1/9— Input Output (@InputOutputHK) September 2, 2022
Editor’s Note: This article by The Mega Maxi is not a financial advise.
