Vasil Upgrade Finally Goes Live on Cardano Mainnet - After Ethereum The Merge is “The Dump”, will Cardano follow in Ethereum’s footsteps?

    According to Cardano founder Charles Hoskinson, Vasil hard fork was “the hardest update we’ve ever had to do” because it involves nearly all technical layers of the Cardano network.

    The Vasil hard fork is part of the Basho era, an era of optimization, improving the scalability and interoperability of the network. This was also the result of the tireless efforts of Cardano’s core engineering team at IOG, Emurgo, and the entire Cardano community through  Cardano Improvement Proposals.

    After several months of delays, the Vasil upgrade finally went live at 21:44 UTC at epoch 365 smoothly. One of the most important changes after the Vasil upgrade is to lower transaction fees on Cardano. Block aggregation and transaction validation will also be simplified while maintaining the network security, thereby reducing transaction processing time. In addition, changes in Plutus (the programming language on Cardano) will help improve the working experience of programmers in this blockchain community.

    To activate the Vasil upgrade, it requires: 75% of mainnet blocks produced by nodes running 1.35.3, around 25 exchanges upgraded (representing 80% of liquidity) and the 10 largest DApps on Cardano also confirmed they have upgraded the above 1.35.3 version.

    On Sep 24, new features for Plutus will be launched on the PreProduction testnet, and 3 days later (Sep 27), these features will be officially launched to the Cardano Mainnet. After the Vasil hard fork, ADA price has seen a slight increase from $0.43 to $0.46.

    Source: CoinMarketCap

    Follow our channels for more crypto news:

    Most Popular

    Related Posts