Cryptocurrency

Cardano commences long-awaited Vasil hard fork

Input / Output (IO), the company behind the Cardano blockchain, publication Today we have submitted a long-awaited update proposal for hard forking the Cardano Testnet.

Changes from the Vasil hard fork will take effect on July 3rd.

Vasil is finally coming to Cardano

Set up to bring speed and scaling improvements to the Cardano network, the Vasil Hard Fork is one of the most awaited events in the Cardano community. The Vasil hard fork incorporates new technology into Cardano to enable more efficient block propagation, improving data storage and access.

IO added that this is Cardano’s “biggest and best” upgrade to date, with significant script performance, efficiency and cost savings.

“It’s also the most complex work program we’ve done, and it involves the entire community.”

As of June 28, over 75% of the testnet blocks were created by the newly deployed Vasil node. IO considered it sufficient to proceed with the upgrade safely. All changes made by Vasil will take effect after Epoch 215 is launched at 20:20 UTC on July 3rd.

Once the Vasil hard fork is implemented on the Cardano testnet, staking pool operators (SPOs), developers, and exchanges will take approximately four weeks to test and upgrade before the Cardano mainnet is hard forked.

“Once everyone is comfortable and ready, we will go through the same process to upgrade the mainnet to Vasil,” IO said in a tweet.

This news arrives less than a week after IO announced that it delayed the Vasil hard fork due to an unresolved bug issue. There were no bugs classified as “serious” at the time, but we decided to schedule the mainnet release date in the last week of July and spend more time testing.

Posted by: Cardano, Technology

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