{"id":21854,"date":"2022-07-04T17:09:09","date_gmt":"2022-07-04T17:09:09","guid":{"rendered":"http:\/\/egrowonline.com\/?p=21854"},"modified":"2022-07-04T17:09:09","modified_gmt":"2022-07-04T17:09:09","slug":"cardano-vasil-hard-fork-is-now-inevitable-after-successful-testnet","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=21854","title":{"rendered":"Cardano Vasil Hard Fork is Now ‘Inevitable’ after ‘Successful’ Testnet"},"content":{"rendered":"


\n<\/p>\n

\n
\"\"
Source: AdobeStock \/ TANATPON<\/figcaption><\/figure>\n

\u00a0<\/p>\n

Cardano <\/strong>(ADA<\/a>)’s long-awaited Vasil upgrade, which aims to improve the network’s scalability and performance, has gone through the testnet “successfully” and is expected to deploy on the mainnet in a month.<\/p>\n

Input Output Hong Kong<\/strong> (IOHK), the research and development company that has developed the Cardano blockchain, announced <\/a>on Sunday that,\u00a0<\/p>\n

\n

“We\u2019re happy to report that today at 20:20 UTC the IOG team has successfully hard forked the Cardano Testnet. This is an important next step in the journey towards the Vasil upgrade on mainnet.”<\/p>\n<\/blockquote>\n

The team also asked stake pool operators (SPOs) and developers building on the blockchain to start the final testing and integration processes. “Vasil is a complex program of work. Projects will need to check backward compatibility and SPOs will need to make some scripting adjustments,” IOHK said.<\/p>\n

Hours after the testnet launch, Cardalonia<\/strong>, a metaverse <\/a>on the Cardano blockchain, also announced that the launch was a success, adding that the hard fork is now “inevitable.”\u00a0<\/p>\n

The Vasil hard fork is expected to deploy on the mainnet four weeks after its implementation on the testnet, meaning that the upgrade could go live in early August.\u00a0<\/p>\n

The upgrade, which follows the smart-contract-enabling Alonzo hard fork<\/a>, is meant to bring significant performance and capability upgrades to Cardano. The upgrade will achieve this by improving script performance and efficiency, as well as by lowering costs.\u00a0<\/p>\n

<\/figure>\n

The update was initially set to launch on June 29. However, in a blog post<\/a>, IOHK confirmed that there would be a slight delay.<\/p>\n

Meanwhile, at noon on Monday (UTC), the 7th coin by market capitalization, ADA, is up 3% over the past 24 hours, trading at USD 0.465. It is down 5% in a week and 17% in a month, according to CoinGecko.<\/p>\n

____<\/p>\n

Learn more:\u00a0<\/strong>
– Cardano Upgrades On Its Way To Offer Better Tokenization Than Ethereum<\/a>
– ADA Rallies as Coinbase Offers 3.75% APY for Staking Cardano<\/a><\/p>\n

– Here’s What Cardano’s Hoskinson Told Congressmen<\/a>
– Cardano\/IOHK Plans to Launch the Ethiopia Student Blockchain Project in \u2018Next Two Months\u2019<\/a><\/p>\n

– Monero v15 Upgrade Scheduled for July, Community Tries to Coordinate XMR \u2018Bank Run\u2019<\/a>
– Polygon Justifies Its Quiet Hard-Fork Citing ‘Critical Vulnerability’<\/a><\/p>\n<\/p><\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: AdobeStock \/ TANATPON \u00a0 Cardano (ADA)’s long-awaited Vasil upgrade, which aims to improve the network’s scalability and performance, has gone through the testnet “successfully” and is expected to deploy on the mainnet in a month. Input Output Hong Kong (IOHK), the research and development company that has developed the Cardano blockchain, announced on Sunday […]<\/p>\n","protected":false},"author":1,"featured_media":21855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[266,618,2032,3399,1943,1976,7390],"class_list":["post-21854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-cardano","tag-fork","tag-hard","tag-inevitable","tag-successful","tag-testnet","tag-vasil"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/07\/adobestock-tanatpon-1-1.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/21854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21854"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/21854\/revisions"}],"predecessor-version":[{"id":21856,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/21854\/revisions\/21856"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/21855"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21854"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}