Cardano's much-hyped Vasil hard fork has finally gone live after months of delays.
Input Output and Cardano Foundation successfully forked the mainnet via a hard fork combinator (HFC) event at 9:44 p.m. UTC.
While the new upgrade brings significant improvements to the proof-of-stake blockchain, it is worth noting that not all of them will be activated at once. As explained by Input Output CEO Charles Hoskinson, some of the features that come with the hard fork will be activated on Sept. 27, which will be the start of a new epoch.
The upgrade was originally supposed to go live in June, but the developers had to postpone it due to technical difficulties.
Alex DovbnyaCardano's most ambitious upgrade to date comes shortly after rival blockchain Ethereum finally switched to proof-of-stake, significantly reducing its CO2 footprint.
The upgrade makes smart contracts more efficient and cost-effective because of Plutus 2.0, a new version of the blockchain's scripting language. According to Hoskinson, plenty of new projects are now "excited" to deploy their smart contracts following the Vasil upgrade.
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Arman Shirinyan
Vladislav Sopov
Dan Burgin