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Cardano's Vasil Upgrade Goes Live on Testnet

Mon, 07/04/2022 - 05:05
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Alex Dovbnya
The much-awaited upgrade is finally expected to launch on the mainnet later this month
Cardano's Vasil Upgrade Goes Live on Testnet
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Cardano’s Vasil hard fork has been launched on the blockchain’s testnet, according to an announcement posted by lead developer Input Output on Sunday.

The company says that the event has marked an “important next step” toward the implementation of the much-anticipated upgrade.

Over the next four weeks, stake pool operators, developers, and cryptocurrency exchanges will be conducting their testing of Vasil. After that, the hard fork will be triggered on the blockchain’s mainnet.

As reported by U.Today, Input Output announced that the launch of the hard fork had been postponed. Nigel Hemsley, head of delivery and products at Input Output, stressed that there was no rush to launch the upgrade since the team of developers prioritized its quality and security. Hemsley explained that Vasil was the most sophisticated program of development for the Cardano team to date.

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The high-stakes upgrade is expected to drastically enhance the blockchain’s performance capabilities by ensuring higher throughput and enabling interoperability.

The hard fork combinator event is now expected to take place in late July following the postponement.

Cardano’s Alonzo hard fork, which enabled smart contracts, was launched in September 2021. The event pushed the price of the ADA cryptocurrency to its current all-time high of $3.09.

Cardano’s native token has since shed more than 85% of its value, currently trading at $0.44 on major spot exchanges.

ADA continues trading in the red after the most recent announcement, shedding more than 10% over the last week. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at