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06/23/2022

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Has Terra Collapse Caused The Major Cardano Upgrade To Be Delayed?

Has Terra Collapse Caused The Major Cardano Upgrade To Be Delayed? The demise of the Terra (LUNA) ecosystem, according to Cardano founder Charles Hoskinson, is mainly to responsible for the Vasil upgrade’s delay. Hoskinson claims the upgrade is prepared,...

Has Terra Collapse Caused The Major Cardano Upgrade To Be Delayed?
cardano ada

The demise of the Terra (LUNA) ecosystem, according to Cardano founder Charles Hoskinson, is mainly to responsible for the Vasil upgrade’s delay.

Hoskinson claims the upgrade is prepared, but after the failure of the stablecoin network Terra, the Cardano development team was instructed to exercise greater caution before releasing updates or products.

“We’re code-complete and what code-complete effectively means is you probably could flip the switch and get away with it. And certain projects would do that.

But what happened after the collapse of Terra (LUNA) is that I gave a directive to a lot of the engineers to say we should probably measure three times and cut once, given the nature of things.

And so additional tests were added in the Plutus suite and additional work was done for quality assurance above and beyond what we normally do for hard forks. So that was one dimension of the puzzle that made it more complicated.”

The Vasil upgrade aims to scale Cardano’s performance and expand the capabilities of the smart contract. Cardano’s smart contract platform is known as Plutus.

cardano ada

Vasil’s delay, according to the ADA’s creator, was also caused by decentralized application (DApp) developers’ demand for more inclusivity in the quality assurance and testing process.

“The other dimension of the puzzle was that after Consensus [crypto conference held in Austin, Texas earlier in June], we did have an enormous amount of contact with DApp developers and other people and there was a desire to be a bit more inclusive in the quality assurance process and the testing process.

So a lot of them said, ‘hey we need several weeks on testing, to be able to play around with these things.”

The Vasil update delay was disclosed earlier last week by blockchain research and development company Input Output Hong Kong (IOHK). The update will now happen during the final week of July instead of on June 29 as originally planned.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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