Logo
Cardano Ecosystem

BitcoinEthereumNews

07/07/2022

·

551 views


Cardano Founder Shuts False Rumors Regarding New Vasil Hard Fork

The post Cardano Founder Shuts False Rumors Regarding New Vasil Hard Fork appeared on BitcoinEthereumNews.com. 4 hours ago | 2 mins read Altcoin News On the testnet, the Vasil hard fork was successfully deployed. There would be no issues...

Cardano Founder Shuts False Rumors Regarding New Vasil Hard Fork

4 hours ago | 2 mins read

Altcoin News
  • On the testnet, the Vasil hard fork was successfully deployed.
  • There would be no issues with contracts after the HFC event is over as per Charles.

The Cardano network has just undergone a hard fork for the first time in a long time. The Vasil improvement is the name given to it. The network has had several hard forks during the last several years, including Vasil. It is intended to improve network speed, notably smart contract functionality and scalability. On the testnet, the fork was successfully deployed.

Rumors and False Information Put to Rest

But there seems to be a misperception about the new upgrade’s genuine functions. Because online trolls are constantly too busy spreading lies, they don’t bother to verify the accuracy of what they are saying. One such troll claimed that the latest Cardano update was inaccurate. In no time, he learned about it.

All Dapps operating on the Plutus version will not be compatible with the upcoming Vasil update, according to Thorchain.bull. He said that all present smart contracts must be updated for the new system to work. According to the poster’s Twitter username, he is a fan of the THOR CHAIN.

The entire reason we built the HFC and Plutus versioning is to ensure this doesn’t happen. It’s incredible to see the FUD and stupidity from Twitter trolls, but that’s life. After the HFC event, all contracts will still function. https://t.co/S0k3BHVu19

— Charles Hoskinson (@IOHK_Charles) July 6, 2022

CEO Charles Hoskinson of Cardano evaluated the issue and informed the user of something he might have missed. After installing the HFC (Hard Fork Combinator), the Dapps operating on any version of Plutus will be able to work smoothly with the Vasil update.

The CEO was dissatisfied with the falsehoods circulated on social media without any supporting evidence. There would be no issues with contracts after the HFC event is over, he added. It wasn’t only Charles Hoskinson that wanted to set the record straight regarding the Vasil improvement. Both Plutus 1 and 2 will play a role in an extended and pipelined network, according to Tim Harrison, Vice President of Community & Ecosystem at IOHK.

Recommended For You:

Cardano Network listing out Back to Back Updation

Source: https://thenewscrypto.com/cardano-founder-shuts-false-rumors-regarding-new-vasil-hard-fork/

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
Jim Cramer Says Cardano, XRP and Dogecoin Might Crash to Zero - BitcoinEthereumNews.com
BitcoinEthereumNews
Jim Cramer Says Cardano, XRP and Dogecoin Might Crash to Zero - BitcoinEthereumNews.com

today at 9:44 AM

·

119 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