Ali Raza
The Cardano community has eagerly awaited the Cardano Vasil upgrade. The community had earlier expressed concern over the delay of this upgrade that was initially set to happen a couple of months ago. The ADA developers and the Cardano Foundation have now disclosed that the Vasil hard fork will happen on September 22.
Cardano Vasil hard fork to happen on September 2022
The Vasil hard fork upgrade will happen one week after the Ethereum Merge. Ethereum developers have provided September 15 as the tentative date for the Merge. The Merge is an eagerly awaited process that will transition Ethereum from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus.
A tweet by Input Output Global said that Vasil was the most significant update to the Cardano network. IOG said the update would boost the network capacity and reduce transaction costs.
A hard fork is an upgrade when the network participants agree to split the blockchain, leading to two network versions. Hard forks are usually contentious despite the developers insisting that these processes will result in a much better blockchain.
The Cardano Vasil hard fork is expected to boost the ADA blockchain’s scalability. It will also boost the competitiveness of the network against other competing networks such as Ethereum. Developers creating decentralized applications (DApps) such as crypto games, decentralized finance, and crypto staking platforms on the Cardano network will also have a better Web3 experience.
Input Output also noted that the upgrade would enhance Plutus and allow developers to create more powerful and efficient applications. Plutus is a smart contract development platform for the ADA blockchain.
Charles Hoskinson says Vasil is the hardest update on Cardano
The founder of Cardano, Charles Hoskinson, also commented on providing a hard date for this upgrade. Hoskinson is one of the most vocal crypto community members and was also behind founding the Ethereum network.
In a livestream on September 2, Hoskinson said that one of the “amazing” things about the date given for the hard fork was the Independence Day of Bulgaria. Vasil is a name inspired by a late Cardano community member from Bulgaria, Vasil St.Dabov, who passed away in December last year.
Hoskinson said that the Vasil hardfork had required a heavy workload, adding that those behind its realization were “overloaded.” He added that Input-Output had pushed the limits with this upgrade, given its scale and magnitude. He also added that it was probably the hardest update that ADA had ever had to do since its launch.
Related
- Cardano Delays Vasil Hard Fork, Team Aims to Get Things “Done Right”
- Cardano ‘Shark’ Wallets Accumulating ADA Ahead of Vasil Hard Fork
- Cardano Sets To Launch Its New Project Catalyst on June 1
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This article was written for Business 2 Community by Ali Raza.
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