Cardano Prepares For The Vasil Hardfork As The Mainnet Upgrade Countdown Begins.

As the cryptocurrency market prepares for the Cardano (ADA) Vasil hardfork, which is currently scheduled at the end of July, the ecosystem’s developer Input Output (IOHK) is putting the last touches on the groundwork.

Indeed, the team has submitted a new request to hardfork the Cardano testnet and begin the countdown for the Vasil mainnet upgrade, as well as obtained “good chain density to proceed safely,” according to a series of tweets released on June 28 by Input Output.

The developers specifically stated that the chain density was achieved by the new Vasil node creating more than 75% of testnet blocks (1.35.0).

Furthermore, the developer firm thanked the whole Cardano community for its ongoing support, as well as all Cardano stake pool operators (SPOs) “who continue to support the testnet, and their coordinated effort to ready the network for the Vasil HFC event.”

According to the Cardano feed, the team was referring to the Hard Fork Combinator (HFC), which “is part of a series of upgrades and network optimizations expected in the current development phase.” It “is one of eleven planned scaling proposals to be implemented in 2022,” according to the report.

Furthermore, the tweet thread highlighted:

“Once the changes have taken effect after the start of epoch 215 at 20:20 UTC on 3 July, the Cardano testnet will start to enjoy the new Vasil enhancements and capabilities that we’ll soon see on mainnet.”

Input Output also informed their followers that the Vasil upgrades will result in “higher throughput through diffusion pipelining to a better developer experience via much improved script performance & efficiency (plus lower costs),” and that “it is Cardano’s biggest and best upgrade to date.“

The tweets also emphasized what Cardano founder Charles Hoskinson said one week earlier:

“It is also the most complex program of work we’ve undertaken. 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.”

Simultaneously, “the community has requested a minimum period of four weeks to allow SPOs, developers, and exchanges the time they need to test and upgrade before hard forking the Cardano mainnet.”

Finally, the team says, “Once everyone is comfortable and ready, we’ll go through the same process to upgrade the mainnet to Vasil.”

Meanwhile, according to Coincu data, the price of Cardano’s cryptocurrency ADA at press time was $0.4693, a 4.59% loss on the day but a 1.10% growth over the preceding seven days.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Patrick

CoinCu News