Logo
Cardano Ecosystem

Coingape

09/02/2022

·

271 views


Official Date For Cardano Vasil Hard Fork Is Finally Confirmed

After much anticipation, the Cardano Foundation has finally announced the official Vasil hard fork date. The team confirmed the date after the successful completion and extensive testing of all core components. The upgrade is slated to be the biggest...

Official Date For Cardano Vasil Hard Fork Is Finally Confirmed

After much anticipation, the Cardano Foundation has finally announced the official Vasil hard fork date. The team confirmed the date after the successful completion and extensive testing of all core components. The upgrade is slated to be the biggest upgrade on Cardano network. The network upgrade will bring increased network capacity and lower cost transactions.

Cardano Vasil Hard Fork Date

In addition to the testing of components, the developers have also confirmed community readiness for announcing the date. Developers have earlier stated that node 1.35.3 will be the final node version for Cardano upgrade. Several exchanges, including Binance have announced upgrading the Cardano node. In addition, many top DApps have confirmed testing against final node version.

Research and development company Input Output, along with the Foundation, announced that the final date would be September 22.

“Following the successful completion and extensive testing of all core components, plus confirmed community readiness, we along with Cardano Foundation can today announce 22 September for the Vasil upgrade on the Cardano mainnet.”

The team said Vasil is by far the most significant Cardano upgrade on the network. The upgrade is expected to bring increased network capacity and lower cost transactions. “It will also bring enhancements to Plutus to enable developers to create more powerful and efficient blockchain-based applications.”

The 80% Liquidity Metric

The Foundation said a majority of leading exchanges have now started their update process, in a sign of the ecosystem readiness. Going by the current trajectory and previous experience, the Foundation said it is confident of meeting the 80% liquidity metric. “We anticipate a seamless technical transition, with no disruption for its users or a break in block production.”

Meanwhile, the Cardano (ADA) price has been on a downward trajectory in the last few hours. As of writing, ADA is trading at $0.4529, down 0.20% in the last 24 hours, according to price tracker CoinMarketCap.

Anvesh reports major developments around crypto adoption and price analysis. Having been associated with crypto since 2016, he is now a strong advocate of decentralized technologies. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

AD

World’s First Multi-Token ISPO — By Genius X - Starts on 12th of September, epoch 363!

Genius X, a revolutionary launchpad and business accelerator helping Web3 startups attain speed, scale, and edge, is thrilled to announce the world’s first Multi-Token ISPO.I WANT TO KNOW MORE!


Read Original Article on Coingape

ORIGINAL SOURCE

https://coingape.com/official-date-for-c...

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.


More from Coingape

See more
Cryptocurrency Price Today 25 Nov: Bitcoin, Ethereum Price Drop, XRP And Huboi Token Rises By 4%
Coingape
Cryptocurrency Price Today 25 Nov: Bitcoin, Ethereum Price Drop, XRP And Huboi Token Rises By 4%

last Sunday at 1:04 PM

·

20 views

Related News

See more
WingRiders Governance Token

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)
Bringing Fixed Assets (CNFT & CNT) Lending & Borrowing to CardanoWorld’s First Multi-Token ISPO — By Genius X