After three months of delay, Cardano’s Vasil Hard Fork Update is coming at the end of September.
Cardano, a Proof-of-Stake blockchain platform, has shared the release date for its Vasil hard fork update.
According to the Twitter post shared by Input Output Hong Kong (IOHK), the blockchain’s development lab, the upgrade has gone through “the successful completion & extensive testing of all core components, plus confirmed community readiness.”
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
How to Avoid Major Crypto Investment Risks? (Beginner-Friendly)
The developers confirmed that the Vasil update will be released on September 22nd.
Vasil upgrade will offer increased network capacity and lower transaction costs. Moreover, it will allow developers to build more efficient and powerful blockchain-based applications on Plutus, Cardano smart contract platform.
The tweet thread also notes that the transition should be nevertheless seamless.
Thanks to #Cardano’s unique hard fork combinator, we anticipate a seamless technical transition, with no disruption for its users or a break in block production. Users need to take no action.
A hard fork is a blockchain protocol update used to add additional features or fix underlying problems. Moreover, it is “a backward-incompatible change to the software used to validate and produce new blocks.”
Input Output Hong Kong highlighted that after asking the 12 most prominent crypto exchanges about their readiness for the update, Bitrue and MEXC noted that they are ready to adopt the update. Binance stated that it is “nearly there,” whereas Coinbase, HitBTC, Upbit, WhiteBat, and BKEX are “in progress.”
The update has been delayed multiple times. The developers anticipated releasing the update in June. However, it was postponed to July 29th but promised to roll it out in August. Although, the developers highlighted that they will take as much time as they need to ensure that “things are done right.”
It is worth noting that the update is called Vasil to honor a Bulgarian member of the Cardano community Vasil Dabov, who passed away in 2021.
