The fifth upgrade to the blockchain, the Cardano Vasil hard fork enhances the Plutus programming language and reduces fees by increasing scalability.
On Friday, IOG tweeted that the upgrade met its criteria of being completely and extensively tested across all core components.
Cardano‘s R&D firm Input Output Hong Kong (IOHK), who are working to bring Vasil hard fork, have said that three critical mass indicators have been reached:
1. The final Vasil node candidate (1.35.3) is creating 75% of mainnet blocks
2. There has been an upgrade of around 25 exchanges (representing 80% of Ada liquidity).
3. The top 10 DApps by TVL have confirmed they have upgraded to 1.35.3 on PreProduction and are ready for mainnet.
Cardano Vasil Hard Fork
Hard forks occur when participants in a blockchain network split the chain for a variety of reasons, resulting in two versions of the same network. There can be controversy surrounding hard forks, such as some debate over an ETHPOW hard fork following the Ethereum merge. Or, they may occur as part of a planned upgrade, like the Ethereum beacon chain hard fork on September 6.
“If we’ve all done our job right, we will wake up on Sept. 22, and it will be just another day,” Cardano founder Charles Hoskinson shared on his YouTube vlog.
“We started and knew that, over time, we could get to what Ethereum has done, but we understood a road map to get there. […] There’s a lot of things on the horizon, especially in 2023.”
Charles Hoskinson – Cardano’s Founder
Dedicated to Vasil Dabov, a Bulgarian Cardano member who passed away in 2021, the Cardano Vasil hard fork was named after him. The Cardano price today: