The Cardano Vasil Hard Fork will be the next upgrade on the Cardano roadmap as it attempts to make the blockchain more robust and scalable, but what is it?
Through previous upgrades like the Alonzo hard fork, the ADA blockchain has now bolstered its infrastructure to improve the network. Other projects such as the Cardano Hydra L2 and Djed Stablecoin are also in the works.
And now, Cardano's creator Charles Hoskinson has added hype to the upcoming Vasil hard fork, along with lead developer Sooraj. Let's take a look at what we can expect from this new network upgrade.
Cardano Vasil Hark Fork Upgrade Release Date
The Cardano Vasil hard fork date has finally been revealed, with its release date now coming on September 22, almost three months since its first launch date.
IOHK announced this hard date on September 2 in a Twitter thread, describing Vasil as "the most significant Cardano upgrade to date".
It was once again delayed to September from a July launch, after being pushed back from the June 29 date.
Initially set to launch on June 29, IOHK published a blog post on June 20 confirming it would miss this date. Addressing the initial delay, IOHK said the fork had no severe bugs, and "just seven bugs" remain.
The public testnet for the hard fork successfully launched on July 3. This means that with the testnet upgrade being done, the IOG team is now left with only one task. To deploy the Vasil upgrade on the mainnet.
While it's raining blockchain hard forks, merges and upgrades, Monero hard fork is the most recent blockchain fork that went live on the Monero blockchain.
As per the data acquired from PoolTool, 82% of nodes are now in the new 1.35.3 version. As per the protocol, 75% of nodes were needed to embrace the updated 1.35.3 version for the Vasil hard fork to be implemented successfully on the network.
- Read More: When Is The Ethereum 2.0 Release Date?
Cardano Vasil Hark Fork Upgrade: What's New?
Alongside an increased network capacity and cheaper transactions, it will upgrade the Plutus language, allowing for more powerful applications.
One of Cardano's developers Sooraj took to Twitter to share more details concerning the new Vasil Hark Fork Upgrade.
In a series of Tweets, Sooraj explained how Cardano's Vasil Hark Fork will impact the network's overall stability and connectivity.
The CIP-33 mechanism that comes with the Vasil Hard Fork Upgrade will substantially lower the cost of such transactions by reducing their size and making them more compact and "lightweight."
The new CIP-31 upgrade will also allow DApps to access transactional output without the need to recreate them as before. The CIP-32 upgrade will enable users or developers to store data on-chain which will essentially encourage Cardano to move towards a "truly decentralised architecture".
Ahead of the Vasil hard fork, all eyes are on the Cardano price. With the previous Alonzo hard fork seeing Cardano soar in price, holders are wondering what will happen this time around. Cardano remains down 84% from its all-time high in September 2021, which it reached ahead of its previous upgrade.