Cardano is ready for big Vasil update after final pre-preparations

It’s going to happen in less than a week; the long-awaited Vasil update from the Cardano (ADA) network. After months of preparation, the update will take place on September 22. The fanatical Cardano following is very bullish pending the update.

Cardano Transaction Chaining

The developers have the final preparations for the update completed and the network is, as they say themselves, “ready” for Vasil. One of these important preparations is the launch of Transaction Chaining.

Transaction Chaining must be the solution for many problems within the Cardano network. With this innovation, Cardano’s decentralization should be significantly increased by queuing transactions before appearing on the blockchain. According to the developers, this should benefit Cardano’s long-term growth.

Is Cardano ready for Vasil?

With the Vasil update imminent, Cardano has overtaken competitor Ethereum (ETH) in terms of social activity. A big reason for this, however, is the decrease in hype surrounding the Ethereum network after last week’s merge update.

After all the hype about Ethereum has subsided, it is now Cardano’s turn. For example, Cardano now leads the top trending searches on the platform Lunacrush. It is clear that Cardano is attracting a lot of attention in the crypto world. This is not uncommon in anticipation of major network updates.

Despite the low valuation of all cryptocurrencies, these are good times for Cardano. Last week, a major milestone was reached for the Cardano network when the barrier of 50 million transactions was broken. Also, the number of addresses that are between 100,000 and 1 million ADA (Cardano’s native token) have grown by 2% in the last 3 months.

According to the Cardano developers, ADA holders do not need to take any action in the run-up to and during the Vasil update. However, there may be difficulties in recording of tokens when crypto exchanges perform the update.

“ADA holders using exchanges or wallets will not be adversely affected by the Vasil hard fork, and will not have to worry about their tokens. However, some delays or disruptions are possible as exchanges integrate the changes.”