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Cardano Ecosystem

Crypto News Flash (EN)

06/27/2022

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Cardano introduces the “final candidate for the mainnet Vasil release”

As one of the most important upgrades in the Cardano blockchain, Vasil will come along with a very unique feature called “pipelining”. Charles Hoskinson, the CEO of IOG has disclosed the postponement of the mainnet largely had to do...

Cardano introduces the “final candidate for the mainnet Vasil release”

  • As one of the most important upgrades in the Cardano blockchain, Vasil will come along with a very unique feature called “pipelining”.
  • Charles Hoskinson, the CEO of IOG has disclosed the postponement of the mainnet largely had to do with the Terra ecosystem crash.

The company in charge of Cardano’s research and development, Input-Output Global (IOG) has come up with a new node to meet the preparation of the Vasil Hard Fork launch. According to IOG, the development is very essential to the Vasil testnet and mainnet launch as the Cardano node 1.35.0 is said to be the final candidate for this groundbreaking project. 

Today, we’re pleased to report that the IOG team has successfully tagged and released #Cardano node 1.35.0 which we can confirm will be the final candidate for the mainnet Vasil release.

For now, everything is on track with the testnet release date close. The announcement further discloses that the developers have observed that the Vasil upgrade is code complete. This means the Vasil testing on the new Plutus v2 code is completed and went smoothly with positive results regarding performance and cost. IOG has also hinted that more updates on the Vasil upgrade would be announced this week. 

Today, we’re pleased to report that the IOG team has successfully tagged and released #Cardano node 1.35.0 which we can confirm will be the final candidate for the mainnet Vasil release.👌

🧵

1/8

— Input Output (@InputOutputHK) June 25, 2022

The SPO is also said to have been informed of the release of the new node. Concerning this, they are expected to stage an upgrade to the new node to prepare for the launch of the Vasil testnet according to IOG.

We’ll give testnet SPOs the time they need & as soon as more than 75% of block-producing SPOs on the testnet have upgraded – needed for satisfactory chain density for the hard fork – we’ll submit the testnet update proposal, which will take one complete epoch to take effect.

Release date of Vasil Hard Fork postponed to next month

Vasil Hard Fork is named after a devoted Cardano member called Vasil St Dabov. As one of the most important upgrades in the Cardano blockchain, it will come along with a very unique feature called “pipelining”. It will lead to a massive improvement in the network consensus layer to introduce faster block propagation. In addition, Cardano’s Plutus will undergo its first major enhancement.

Combined, all these changes will lead Cardano to a position where it is faster than its competitors, and a highly competitive platform for decentralized finance (DeFi) this year.

It is important to note that the Vasil Hard Fork’s mainnet release was originally planned to go live this month. However, this has been postponed to next month with the testnet scheduled for this month. 

Charles Hoskinson, the CEO of IOG has disclosed the postponement of the mainnet largely had to do with the Terra ecosystem crash. According to him, they had to avoid such unfortunate circumstances. ADA is currently trading at $0.50, which is 2 percent down in the last 24 hours and 83 percent down from its all-time high of a little over $3.  

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