Fork, yes! Cardano Vasil upgrade start

After several months of delays, the Cardano Vasil and hard fork upgrade was launched as of Thursday at 9:44 PM UTC, resulting in “significant performance and capacity” improvements to the blockchain.

The success of the Cardano mainnet was announced by blockchain company Input Output Hong Kong (IOHK) on Twitter on Thursday, while others also note Hard Fork in Twitter Live Spaces with Charles Hoskinson, Co-Founder of Cardano.

IOHK previously stated that an important upgrade brought by the fork was to move the block without full validation, allowing for faster block creation. Upgrades to its increased efficiency Plutus smart contracts also allow decentralized applications to deploy and run at lower costs.

The new capabilities made possible by the upgrades of the Plutos script will become available to developers on the mainnet on September 27, after that. one erawhich currently lasts about five days.

Bill Barhit, founder of crypto exchange Abra, described the upgrade as a “big win for developers.” Decentralized Finance (DeFi) yield genius platform, Twitter It was “one of the most complex and important ever updates to the Cardano Network.”

was the date of the upgrade Announced in early September By IOHK, while “critical mass indicators” need to run Hard Fork Reached Within 24 Hours preceding the event.

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This comes after months of delays and rescheduling, with launch day originally scheduled for June, as it was Delayed twice due to issues on the test network Due to errors in the previous node version Create compatibility problems.

Following the Vasil upgrade, Cardano continues to develop a layer 2 scale solution, the Hydra head protocol, which processes transactions off the Cardano blockchain while still using it as a security and settlement layer.

Last update on Hydra from September 16th Hinge The team addressed a known issue with the Hydra contract. The protocol does not have a specific release date, but it sperm For some time in late 2022 or the first quarter of 2023.

Successful Launch Announcement Send Cardano Price (ADA) up about 4% in the last 24 hours to $0.46, according to To CoinGecko’s data, though, it’s still down over 4.5% for the week.