Logo
Cardano Ecosystem

BitcoinEthereumNews

06/30/2022

·

272 views


Cardano Finally Inches Towards ‘Game-Changing’ Vasil Mainnet Upgrade With New Proposal ⋆ ZyCrypto

The post Cardano Finally Inches Towards ‘Game-Changing’ Vasil Mainnet Upgrade With New Proposal ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Cardano’s dev team has proposed a hard fork to bring the network closer to the Vasil mainnet upgrade....

Cardano Finally Inches Towards ‘Game-Changing’ Vasil Mainnet Upgrade With New Proposal ⋆ ZyCrypto

  • Cardano’s dev team has proposed a hard fork to bring the network closer to the Vasil mainnet upgrade.
  • The upgrade has been hailed as the “biggest and best” Cardano has undergone so far.
  • The Vasil hardfork was pushed back as a result of “non-severe” bugs with a new date scheduled to be unveiled.

Cardano wants to live up to its reputation as an Ethereum killer but there have been a few hitches along the way. However, community members are ecstatic over a proposal that will usher in the long-awaited Vasil upgrade.

Starting the countdown

Input Output Hong Kong (IOHK), the team behind Cardano’s development took to Twitter to announce that it had submitted a proposal to hard fork the Cardano testnet. The move is designed to begin the countdown for the widely anticipated Vasil mainnet upgrade.

If everything goes according to plan, the changes will take effect on July 3 at epoch 215 and the Cardano testnet will “enjoy the new Vasil enhancements and capabilities” before going live on the mainnet. Vasil was named after the late Vasil St Dabov, an integral member of the Cardano community with impressive contributions under his belt.

IOHK stated that everything is ready for the testnet hard fork as it has a “good chain density to proceed”. The team revealed that it would be approaching the process with caution to maintain an exemplary level of safety.

“It is also the most complex program of work we’ve undertaken,” IOHK said in a statement. “And the whole community is involved. As shared previously, our prime concern is ensuring we manage this upgrade in a way that is safe and secure.”

To ensure a smooth operation, a minimum window of four weeks will be given to team members to test Vasil on the testnet before upgrading to the mainnet. Reports of the proposal sent a small jolt through ADA’s price to trade at $0.4737.

Vasil will be a game-changer

The Vasil hardfork has been hailed for the improvements that it will bring to the network. A higher throughput through diffusion pipelining and enhanced script performance to improve developer experience are widely anticipated.

For investors, the hard fork is expected to trigger a rally for the asset’s price that has borne the brunt of the massive declines of crypto prices while community members see the move as a forerunner to the blockchain’s Basho era.

The Vasil hardfork was delayed by a month after being scheduled to take place on June 29. The delay was a result of seven “non-severe” bugs that the team had to resolve before moving forward, according to Nigel Hemsley, IOHK’s head of delivery and project.

Source: https://zycrypto.com/cardano-finally-inches-towards-game-changing-vasil-mainnet-upgrade-with-new-proposal/

Post navigation

AD

World’s First Multi-Token ISPO — By Genius X - Starts on 12th of September, epoch 363!

Genius X, a revolutionary launchpad and business accelerator helping Web3 startups attain speed, scale, and edge, is thrilled to announce the world’s first Multi-Token ISPO.I WANT TO KNOW MORE!


Read Original Article on BitcoinEthereumNews

ORIGINAL SOURCE

https://bitcoinethereumnews.com/technolo...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from BitcoinEthereumNews

See more
Ripple (XRP) And Cardano (ADA) Perform Poorly As Plona (PLON) Donates 2% To Charity
BitcoinEthereumNews
Ripple (XRP) And Cardano (ADA) Perform Poorly As Plona (PLON) Donates 2% To Charity

today at 7:00 AM

·

23 views

Related News

See more
WingRiders Governance Token

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)
Bringing Fixed Assets (CNFT & CNT) Lending & Borrowing to CardanoWorld’s First Multi-Token ISPO — By Genius X