Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Tim Harrison, VP of community and ecosystem at Cardano's IOG, has shared what might trigger the Vasil mainnet launch in response to a Twitter user who asked "how long the event might take after the requested percentage was met.''
We're tracking 3 readiness metrics:
— Tim Harrison (@timbharrison) August 24, 2022
Nodes: aiming for 75% of block producers running 1.35.3 - SPOs making good progress
Exchanges: 80% by liquidity confirming readiness. Expect to start seeing exchanges reporting status early next week.
DApps: when top 10 say 'yes' we go
The question asked by the Cardano user followed a Twitter post on stake pool operators updating their nodes to the latest version 1.35.3.
At the time of publication, 41% of nodes are running on v.1.35.3, per pool tool analytics. For the Vasil implementation, 75% of the nodes must be on version 1.35.3.
While much of the focus has been on block producers running 1.35.3, Tim Harrison highlights other readiness metrics to consider. He notes that regarding the ''node readiness," SPOs are currently making good progress, but the aim remains to have 75% of block producers running 1.35.3. Speaking on the exchanges' readiness, he noted that as of early next week, exchanges might start reporting their status.
🎉 40% of the Blocks Protocol Version Epoch 359 is ready at the 1.35.3 (v7.2), more than yesterday 4%.
— Cardano Daily (@cardano_daily) August 25, 2022
🏆 With this speed, we shall be able to see the Vasil hardfork to take effect on @cardano blockchain for about a maximum of one more week.
✅ https://t.co/t5IEbI4TYt pic.twitter.com/lBwvqmCE49
Likewise, when the top 10 Cardano dApps update to the latest version, Vasil might be set to launch on the mainnet.
Vasil draws closer
The Vasil upgrade hopes to bring greater functionality, performance, scalability and interoperability to Cardano through new features and improvements.
Tomiwabold OlajideThe upgrade will enhance smart contracts and is a part of the Basho phase of the Cardano roadmap, which concentrates on scaling and network and ledger optimization, thus enhancing the ledger in numerous ways. Vasil HFC will introduce eagerly awaited features like diffusion pipelining and improvements to Plutus, Cardano's core smart contract language.
According to IOG, from a variety of perspectives, the work on Vasil continues to be the most complex program of development and integration to date. This is because it necessitates close coordination across the ecosystem, in addition to requiring a lot of effort from core teams.
Alex Dovbnya
Vladislav Sopov
Dan Burgin