Vasil hard fork testnet proposal submitted by IOHK: Mainnet Hardfork countdown starts
Cardano’s Vasil hard fork proposal submitted: Countdown commences. Read this full report
Last updated Jun 30, 2022
Finally, the proposal for the most important hard fork in the Cardano Blockchain has been submitted by the developer team of Cardano blockchain.
Cardano is an 8th-ranked crypto project. Right now this project is competing other leading crypto projects because of its highly fast Proof-of-stake network. Charles Hoskinson is the founder of Cardano blockchain and he is one of the co-founders of Ethereum blockchain till 2014. Initially, Cardano entered the crypto industry with the concept of making blockchain technology a leading option to choose at the commercial level.
IOHK, the developer team of Cardano, announced that the proposal of Vasil Hardfork for the Cardano testnet blockchain has been submitted and the countdown for the mainnet upgrade has been started.
We’re delighted to report that in the last few minutes we have submitted an update proposal to hard fork the #Cardano Testnet, and commence the countdown for the #Vasil mainnet upgrade. 🧵
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From 3 July al the apps in Cardano testnet blockchain ecosystem will be able to test and enjoy the enhanced features.
Once the changes have taken effect after the start of epoch 215 at 20:20 UTC on 3 July, the #Cardano testnet will start to enjoy the new #Vasil enhancements and capabilities that we’ll soon see on mainnet.
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Team also explained that Vasil Hardfork on the mainnet will introduce better efficiency in the Cardano network in terms of scalability and performance.
“Vasil improvements include higher throughput through diffusion pipelining to a better developer experience via much-improved script performance & efficiency (plus lower costs). It is #Cardano’s biggest and best upgrade to date.”
Cardano Vasil Hardfork against Solana protocol
After the introduction of Vasil Hardfork on Cardano mainnet blockchain, IOHK will be able to introduce Hydra protocol to allow the Cardano Blockchain to facilitate high-scale transactions more likely to Solana protocol.
The final development work in the hydra protocol with Cardano will allow the Cardano network to facilitate 1 million transactions per second, which is 10 times higher scalability than Solana’s Proof-of-history protocol.
Cardano founder Hoskinson aims to make Cardano a highly decentralized and high scalable blockchain by the end of this year in the crypto industry. Hoskinson claimed that the Cardano network will always remain decentralized and better than Solana’s less decentralized Proof-of-history protocol.
Read also: European Crypto Firms Will Require to Identify Most Crypto Transactions
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