Cardano Vasil update completed successfully

Cardano Vasil update completed successfully

After several months of delay, the Cardano Vasil update and hard fork finally went live on Thursday, September 22 at 12:44 PM UK time, bringing “significant performance and capability” improvements to the blockchain.

Input Output Hong Kong (IOHK), the company behind Cardano, shared the success of the mainnet hard fork on its official Twitter account. Other team members are hard fork through a live Twitter Spaces with Cardano co-founder Charles Hoskinson. continued to observe.

IOHK previously noted that the major upgrades brought by the fork are block forwarding without full validation, allowing for faster block generation. In addition, upgrades to Plutus smart contracts for increased efficiency also allow decentralized applications to be deployed and run at lower costs.

However, the new capabilities that come with the Plutus script upgrades will become available to mainnet developers on September 27, after about five days so far.

Bill Barhydt, founder of crypto trading platform Abra, decentralized finance platform Genius Yield tweet He called the upgrade a “huge win for developers” and said, “It’s one of the most complex and consequential updates ever made to the Cardano network.”

On the other hand, the Cardano Vasil Hard Fork upgrade was announced by IOHK in early September, and the “critical mass indicators” required to trigger the hard fork were reached 24 hours before the event.

Related: Ethereum post-Merge hard forks are here: Now what?

The Cardano Vasil upgrade comes after months of delays and rescheduling. The upgrade, originally scheduled for last June, had compatibility issues with a previous node version. The update had to be delayed twice due to problems with the testnet caused by these bugs.

Following the Vasil upgrade, Cardano continues to develop Layer 2 solutions, the “Hydra Head” protocol. The task of the “Hydra Head” protocol is to regulate transactions on the Cardano blockchain, which is used as the security and settlement layer.

After the successfully completed update Cardano (ISLAND), according to CoinGecko data, it has increased by 4 percent in the last 24 hours to $ 0.46. However, ADA has also gained over 4.5 percent on a weekly basis.

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