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Cardano Ecosystem

Coinquora

07/14/2022

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Cardano Vasil Hard Fork Will Not Be Delayed, Says Developer

‘Vasil hard fork will be on time,’ says Cardano developers. Amid the ongoing developments, ADA seems to be not faring ...Read More...

Cardano Vasil Hard Fork Will Not Be Delayed, Says Developer
  • ‘Vasil hard fork will be on time,’ says Cardano developers.
  • Amid the ongoing developments, ADA seems to be not faring well.
  • Vasil hard fork is expected to improve Cardano’s scalability.

Cardano’s Vasil hard fork is progressing as planned, according to KtorZ, the Cardano Foundation’s technical director of open-source development, despite speculation from critics on cryptocurrency Twitter saying the contrary.

The Vasil update is the company’s most ambitious project so far, according to Input Output Global, the development team behind Cardano. The Vasil update requires tight cooperation with several ecosystem initiatives, and IOG is collaborating with Dquadrant and the Indigo protocol.

There has been a surge of developers wanting to use the Cardano network as their building platform. The soaring growth and adoption of over 1,000 dApps on the Cardano blockchain made it necessary to upgrade the blockchain.

The Cardano network’s development activity accelerated, with more Github commits than its rivals Ethereum, Solana, and Avalanche. Analysts predict that the price of Cardano may fall, though. Cardano still runs the danger of collapsing to its $0.31 support level.

The IOHK had initially stated a delay in sending the hard fork update to the testnet in June. On July 3, as work moved forward, the IOG team hard-forked the testnet, beginning the last countdown to the mainnet hard fork.

The team then said it intended to allow exchanges and SPOs four weeks to finish any testing and integration work that was required.

As per IOHK, the working theory is that a Cardano mainnet hard fork should likely happen in the final week of July. Reportedly, Cardano is cooking up several updates that will improve its scalability and increase its adoption. The crypto community is looking forward to seeing these improvements.

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