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Cardano’s Vasil Hard Fork Enters Final Stage

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Sun, 18/09/2022 - 7:51
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Cardano’s Vasil Hard Fork Enters Final Stage
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Input Output CEO Charles Hoskinson has announced that a hard fork combinator request has been submitted and successfully accepted, meaning that the implementation of the Vasil hard fork has now entered its final stage.

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An automated process of upgrading Cardano to the Vasil era has already started, according to Hoskinson. “We all gonna sit back and watch the Vasil rocket take off. It’s in the air right now…There’s no going back now. It’s been initiated” he said.

The hard fork is scheduled to go live on Sept. 22 after months of anticipation.

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Some of the improvements that come with the Vasil hard fork will take effect on Sept. 27 for a variety of technical reasons, Hoskinson explains.

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Hoskinson has urged the community to upgrade to Daedalus 5.0.0, the latest version of the wallet that contains some notable fixes.

As reported by U.Today, the Vasil hard fork is Cardano’s most ambitious upgrade to date since it will dramatically improve the blockchain’s scalability. For instance, Plutus V2 scripts will be able to dramatically enhance Cardano’s smart contract capabilities.

Hoskinson claims that the upgrade is “particularly special” because it is named after his “good friend” Vasil Dabov. The Bulgarian mathematician, who was an active member of the Cardano community, passed away last December. “I’m glad that we're able to immortalize his legacy forever in the Cardano ecosystem,” Hoskinson said.

He has noted that Cardano is “one of the strongest” cryptocurrencies in the space, and he expects the project to exit the year “very strong.”

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.

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