Monday, December 5, 2022
HomeTechnologyCardano creator confirms launch date of Vasil Upgrade

Cardano creator confirms launch date of Vasil Upgrade

Cardano creator Input Output has announced that the much-awaited Vasil update will occur on September 22. This date has been verified by Input Output. After carrying out “extensive testing” on each of the fundamental components, the corporation was now in a position to make the announcement publicly.

The update to Vasil was meant to take place in June, but it was postponed many times owing to technical issues. The initial plan called for it to take place in June.
Input Output has emphasised that the Vasil hard fork is the “most important” update to date due to the fact that it would significantly boost the capacity of the network. In addition, developers working with Cardano will have the ability to create decentralised apps of a higher level of complexity.

In order to continue ahead with the upgrade, Input Output was required to ensure that at least 75% of mainnet blocks were being produced with the node version 1.35.3.
Aside from that, it was necessary for it to integrate about 25 exchanges, which together account for the lion’s share of the ADA token’s liquidity, as well as the biggest decentralised apps in terms of total value locked. The Cardano builder that is currently tracking “well” against all of these criteria is able to confidently certify the official date of the hard fork since it is tracking “well” against all of these metrics.

Charles Hoskinson, the CEO of Input Output, expressed gratitude to the community for their “dogged devotion” and patience during a live webcast.

The late Bulgarian mathematician Vasil Dabov, an ardent follower of Cardano, was honoured with the naming of the hard split in the cryptocurrency. It just so happens that the hard fork will be released on the same day that Bulgaria celebrates its independence.

Reporter
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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