Cardano’s Vasil hard fork launch will occur on September 22, three months after the original date

0

The fifth update to the blockchain will feature enhancements to the Plutus programming language and promise increased scalability and cheaper transaction costs.

Cardano’s mainnet upgrade to Vasil has been scheduled on September 22, the blockchain’s inventor Charles Hoskinson revealed on his YouTube video on Friday. Originally slated for June of this year, the hard fork was postponed twice.

According to Input Output Hong Kong (IOHK), a Cardano-affiliated R&D firm that worked on the upgrade, three crucial critical mass indicators have been met: MEXC and Bitrue are “ready” for the update, according to IOHK, while Binance is “close” and Upbit, Coinbase, WhiteBit, BKEX, and HitBTC are “in development.”

The hard fork, which will integrate the first significant update to the Plutus script — the programming language used to create smart contracts on the Cardano blockchain — will increase scalability and reduce transaction costs, according to developers. The last update, dubbed Alonzo, took place in September of last year and added Plutus.

Hoskinson remarked on his YouTube vlog, “If we’ve all done our jobs well, September 22 will be like any other day.” He later added:

The fork is named after Vasil Dabov, a Bulgarian Cardano community member who passed away in 2021. ADA is priced at $0.454 on Friday, an increase of 0.98% over the previous week.

Also Read: NFT marketplace Sudoswap has announced a governance token and a retroactive airdrop

Leave A Reply

Your email address will not be published.