Cardano’s Most Ambitious Upgrade Finally Has a Confirmed Launch Date

Input-Output Hong Kong, the blockchain development company behind Cardano (ADA), has confirmed that the Vasil hard fork will be released on September 22. Contrary to speculations by developers, it will be released on September 22.

IOHK updated the status of Vasil’s upgrade via Twitter. They also stated that this upgrade would be the most complex and important to date, as it will bring more capacity to the network and significantly lower the transaction costs.

VASIL UPGRADE – DATE CONFIRMED

After extensive testing and successful completion of core components, as well as community readiness, @cardanostiftung is pleased to announce today 22 September for the #Vasil upgrade to the #Cardano mainnet.

$ADA 1/9

— Input Output (@InputOutputHK) September 2, 2022

Major Cryptocurrency Exchanges Will Support Vasil

According to IOHK most of the top cryptocurrency exchanges have upgraded their nodes in preparation for the new hard fork. According to IOHK, the firm anticipates a smooth technical transition that will not cause any disruptions for users or interrupt block production.

“The majority (of the leading exchanges) have begun their update process. Based on their current trajectory and previous experience, @CardanoStiftung has every faith that they will complete their updates and meet the 80% liquidity metric set.

The update will also allow developers to create Blockchain-based applications in an “more powerful, efficient way” via Plutus (the smart contract platform for the Cardano blockchain).

Network Commotion Caused by Vasil Delay

Vasil was originally scheduled to launch at the end July. However, Vasil’s development proved so complicated that it was delayed for a few months. This caused unrest among developers like Adam Dean who pointed out that Testnet was “catastrophically broken”. Charles Hoskinson (creator of Cardano) denied this on air.

(1/n) Today’s #Cardano #Testnet is broken due to Cardano Node version 1.35.2. This was the version we were previously told was “Tested and Ready for the Vasil Hardfork.” This bug was discovered only recently…

Adam Dean (@adamKDean), August 18, 2022

Peter Szilagyi, Sebastien Guillemot and other developers complained about a “culture” of silence that prevented them from discussing network problems and caused panic.

Our culture is so hush-hush that any hint of a problem with the test network can cause panic for multiple days. Meanwhile in Ethereum, devs can just honestly talk about their software https://t.co/cYEY6dNp8o

— Sebastien Guillemot (@SebastienGllmt) August 23, 2022

Hoskinson is well-known for his fierce defense of his creation. He said Guillemot was wrong, and that both tweets by developers tried to “kick up dust without apparent reason.” He added that all problems were solved.

All signs point to a Cardano ready to fork. 70% of the dApps that were tracked confirmed that pre-production testing was successful, and 80% have had their stake pool operators (SPO) updated.

Cardano Devs Are More Excited Than ADA Traders

Vasil’s excitement is great, but as crucial as the revolutionary hard fork for Cardano’s future, traders and speculators responded in anticipation with a “Meh”.

Cardano Price (ADA). Image by Tradingview

While it is possible that ADA will reverse its bearish trend, it is important to remember that the coin has traded sideways since May, fluctuating between $0.42 and $0.6 with a few exceptions. ADA currently trades at $0.457, which is close to the channel’s support.

Vasil is scheduled for one week after Ethereum Merge. Perhaps there weren’t too many eyes on Cardano developers and the ADA price chart.

CryptoPotato’s most ambitious upgrade to Cardano finally has a confirmed launch date appeared first on CryptoPotato

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Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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