Cardano has delayed the release of its Vasil hard fork update until the last week of July.
Cardano’s development firm, Input-Output Global, has delayed the network’s long-awaited Vasil hard fork update. The team reports having seven issues to fix and desires “additional time for testing.” The Cardano update that would have introduced the network to the “Basho” era has been delayed.
Monday night, Input-Output Global stated on a blog post that the initial June 29 launch date for Cardano’s Vasil hard fork will be pushed out to the final week of July. “After some contemplation, we have decided NOT to release the hard fork update request to the testnet today in order to enable more time for testing,” IOG stated, saying that there were seven more problems to resolve, none of which were deemed critical.
The Vasil hard fork is the most important change to Cardano since the Alonzo hard fork was released in September. It is part of Cardano’s long-planned shift from the so-called Goguen era to the Basho era, labelled “an age of optimization, enhancing the network’s scalability and interoperability.” Whereas earlier eras focused on decentralisation and bringing smart contracting features to the network, Basho focuses on enhancing Cardano’s core performance in order to better enable DeFi apps.
The Vasil hard fork will bring CIP31, CIP32, CIP33, and CIP40 as four important network enhancements. These enhancements are intended to update the logic behind various Cardano Plutus scripts. Together, they are intended to minimise transaction sizes, hence enhancing network speed and decreasing transaction costs. It is anticipated that the hard fork would also fix the “concurrency” issue, which has greatly hindered the scalability of DeFi applications on Cardano.
“The work on Vasil has been the most complicated development and integration programme to date from several perspectives,” IOG stated in the statement, stressing that launching the update will need extensive cooperation among the ecosystem’s stakeholders. In order to give exchanges and other ecosystem members the time to prepare, IOG will leave four weeks between the expected testnet and mainnet releases.
The ADA coin of Cardano remained essentially unchanged in reaction to the news. Since its introduction, its price has fluctuated between $0.48 and $0.50.