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Cardano Ecosystem

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07/03/2022

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Cardano’s Vasil Hard Fork Set to Launch on Testnet

According to recent updates shared by Cardano’s IOHK, the Vasil hard fork is expected to happen on the ADA testnet on Sunday, July 3. IOHK noted: “Once the changes have taken effect after the start of epoch 215 at 20:20...

Cardano’s Vasil Hard Fork Set to Launch on Testnet

According to recent updates shared by Cardano’s IOHK, the Vasil hard fork is expected to happen on the ADA testnet on Sunday, July 3.

Cardano’s Vasil Hard Fork Set to Launch on TestnetADA’s Vasil Hard Fork Set to Launch on Testnet

IOHK noted:

“Once the changes have taken effect after the start of epoch 215 at 20:20 UTC on July 3, the ADA testnet will start to enjoy the new Vasil enhancements and capabilities to be seen on mainnet.”

The countdown for the Vasil mainnet upgrade began when IOHK revealed it has submitted an update proposal to hard fork the ADA testnet during the week. The tentative timing of the Vasil mainnet hard fork is the last week of July because exchanges and SPOs (stake pool operators) require at least four weeks of testing following testnet deployment.

Vasil crosses the finish line with Cardano

Cardano’s Vasil Hard Fork Set to Launch on TestnetADA’s Vasil Hard Fork Set to Launch on Testnet

The impending Vasil HFC continues to be anticipated favorably. Vasil is highly important since it might enable the establishment of dApps and stablecoins, according to ADA whale, a Twitter account dedicated to the Cardano community.

The ADA whale said:

“Vasil’s upgrade is important not just for throughput (the network is currently operating without a hitch), but also because it, in my opinion, completes and polishes the smart contracts’ capabilities, paving the way for the launch of synthetics, stable coins, pooled lending, and other services. Cardano crosses the finish line thanks to it.”

Several dApps are presently awaiting Vasil before launching on the mainnet.

Recently launched on testnet, the Cardano-based ErgoDEX announced that it was “waiting for the release of the Vasil hard fork before migrating to mainnet.”

The Djed stablecoin is an additional example. The Djed team said in a blog post, as was previously reported:

“We are also waiting for Cardano’s Vasil hard fork to take place, The Vasil hard fork will allow for the scalability that is required to safely run Djed on the mainnet.”

The week’s most actively developing cryptocurrency is Cardano

Cardano’s Vasil Hard Fork Set to Launch on TestnetADA’s Vasil Hard Fork Set to Launch on Testnet

GitHub Weekly Development Activity:

#1: 399 Cardano
#2: 257 Polkadot-new
#3: 257 Kusama
#4: 247 Status
#5: 246 Cosmos
#6: 235 Ethereum
#7: 231 File-coin
#8: 230 Iota
#9: 214 Internet-computer
#10: 210 Flow

— ProofofGitHub (@ProofofGitHub) July 1, 2022

Cardano has had the most Github commits made of any cryptocurrency this week, totaling over 399. Cardano is ranked above projects with 257 commits made over the week, including Kusama and Polkadot.

Information provided by IOHK indicates that there are now 1,022 projects using Cardano.

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.

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