Cardano Vasil Upgrade Goes Live After Facing A Lot Of Controversies

After a long wait, the Cardano mainnet hard fork blockchain was launched by the entity Input Output Hong Kong (IOHK) on Thursday. The new introduction of the hard fork is the most significant update on the blockchain platform. After facing a lot of hurdles and controversies, Cardano Vasil and hard fork went live to share their “significant performance and capability” to improve the quality of blockchain.

“The ultimate aim of the upgrade is to decrease cost, to bring smart contract enhancements, and to resolve the issues facing cryptocurrency by using the decentralized block chain system.”

It states that Cardano is going further to continue to develop the layer-2 scaling solution and the development of the Hydra head protocol. IOHK stated that the most innovative upgrade brought by the fork is to create faster blocks; it results in easy transmission without any long validation.

Cardano is a platform for developing decentralized blockchain technology and cryptocurrency-related projects. It has a much greater capability to introduce new features than any other protocol introduced before. As per the reports, the platform consists of highly skilled technicians to resolve the difficulties faced by the users.

Bitrue and MEXC are two of the top 12 exchanges that are set to be ready for upgrade to the latest version. In addition to that, the other Vasil exchanges, including Binance, OPEX, and Upbit, are in the process of being upgraded. Lending Pond and Aada, dApps, completed the Vasil hard fork test.

• The reports stated that a huge number of the Cardano nodes have already started using the new version of 1.35.3.

• Currently, more than 77% of the Mainnet blocks are going to be produced by the latest Visal node model.

• Some of the major trading crypto platforms, including Coinbase, didn’t start the process for the Vasil hard fork.

• The hard fork is used to divide the single unit of cryptocurrency into two types, like blocks and transactions. It will be useful for customers and nodes to upgrade to the latest version of the protocol software.

As per the official reports, “Cardano was positioned in 26th place in the ranking of brand intimacy in 2022 by MLBM. It is in the highest position in the cryptocurrency sector. IOHX has collaborated with many institutions to research blockchain technology, and it helped the University of Edinburgh to open a blockchain laboratory in 2017. In 2020, it helped the University of Wyoming by granting $5 million (USD) to develop blockchain technology.”