Input Output Hong Kong announces Cardano’s Vasil upgrade date
The Cardano (ADA) development team has confirmed the smart contract platform’s long-awaited Vasil hard fork upgrade date.
The company behind the Ethereum (ETH) competitor, Input Output Hong Kong (IOHK), claims the upgrade will go live on September 22.
Following the successful completion and comprehensive testing of all fundamental components, as well as the confirmation of community preparedness, [The Cardano Foundation] and we, are pleased to inform you that the Cardano mainnet will be upgraded to Vasil on September 22.
Vasil, according to IOHK, is the “biggest important” Cardano improvement yet, since it will significantly enhance the blockchain’s network capacity and reduce transaction fees. The company also notes that Vasil will improve Cardano’s Plutus smart contract mechanism.
According to IOHK, the launch has been planned since all of the release criteria for Vasil have been satisfied.
The top ten DApps (decentralized apps) by total value locked (TVL) that have confirmed readiness.” According to IOHK, ADA users can anticipate a seamless transition.
“Thanks to Cardano’s one-of-a-kind hard fork combinator, we foresee a flawless technological transition with no interruptions for its users or a halt in block creation. Users are not required to take any action.” Cardano is currently being traded for $0.459 at the time of writing.