Cryptocurrency

Cardano up 3% following completion of Vasil hard fork

Zegex

Cardano’s ADA reacted positively to the news of the successful completion of Vasil’s upgrade, trading at $0.4638, up 3.6% over the past 24 hours.

Vasil’s upgrade began at 9:44pm UTC on September 22nd, according to the company. publication from input output.

Hard forks are:

“We bring significant performance and feature enhancements to Cardano, from increased throughput with the spreading pipeline to a better developer experience with significant improvements in script performance, efficiency, and cost.”

The Vasil upgrade is the most significant improvement in Cardano since enabling smart contract functionality in 2021.

Vasil is Cardano’s most ambitious upgrade

IOHK described this as their most ambitious undertaking and applauded the Cardano community for making the upgrade a success.

Vasil’s upgrade has faced some delays and was rescheduled several times before its final launch. Following Vasil’s upgrade, Cardano is developing a layer 2 scaling solution, the Hydra head protocol.

However, developers will not be able to take advantage of the full functionality of the upgrade until September 27th. According to the team, this is when a new epoch begins and the new his Plutus V2 cost model will be active on the chain.

Community reaction to the upgrade has been positive, with many describing it as a huge success. Bill Barhydt, founder of Abra Global, Said:

“Having access from scripts/Plutus without using UTXO and input is a huge benefit for developers. Great!”

scammers try to take advantage of

Meanwhile, the villain tried to exploit the excitement to foment the scam.

Multiple accounts impersonating Charles Hoskinson in Cardano offer It distributes millions of ADA tokens to those who click on questionable links.

Hoskinson highlighted these fake accounts in one of his tweets and urged the community to report the accounts.

At press time, it’s unclear if anyone has fallen for these scams.

Posted In: Cardano, Technology

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