The Merge is expected to take place in just over 10 days, but a date has been set for Cardano’s hard fork called Vasil. The long-awaited Cardano fork will take place on his September 22nd, about nine days after Ethereum transitioned from Proof of Work (PoW) to Proof of Stake (PoS).
Cardano Developer Launches Vasil On Mainnet In 19 Days
The Cardano development team has revealed specific dates for upcoming events Cardano (ADA) A hard fork called Vasil, following Charles Hoskinson, founder of Input Output Global (IOG) explain It happens in September during a live stream on Twitter last week.
On Twitter, IOG’s official social media accounts spoke publicly That “Vasil upgrade date [was] Confirmed. ” Developer said codebase merge follows ‘successful completion’ [and] Extensive testing of all core components. “
The IOG further explained that the fork will be codified into the mainnet codebase on September 22nd. The IOG continued:
Vasil is Cardano’s most significant upgrade to date, bringing increased network capacity and lower transaction costs. This upgrade also brings enhancements to Plutus to help developers create more powerful and efficient blockchain-based applications.
Cardano founder Charles Hoskinson says Vasil is ‘the most difficult update the ecosystem has ever had to do’
IOG founder Charles Hoskinson also discussed the date of Vasil’s hard fork. live stream “Vasil is coming on September 22, 2022.” The name of the hard fork, Vasil, comes from the recently deceased Bulgarian Cardano community member and mathematician Vasil Dabov.
During the livestream, Hoskinson said it’s surprising that the randomly chosen divergence date falls on Bulgaria’s Independence Day. Four Cardano Improvement Proposals (CIPs) have been issued to Cardano (Ada) code base.
During implementation, Vasil docks CIP-31 (Reference input), CIP-32 (inline datum), CIP-33 (reference script), and CIP-40 (collateral output).it has been Said According to an IOG developer last May, the reference script for CIP-31 is Adatransaction costs.
At the time of writing after publication, Cardano (ADA) It gained 2.3% against the US dollar in 24 hours. Ada Up nearly 10% over the last 7 days and now Ada It is the 8th largest crypto market cap with a market cap of $16 billion.
What are your thoughts on IOG and Charles Hoskinson announcing the Vasil hard fork’s launch date? Let us know what you think about the matter in the comments section below.
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