{"id":27869,"date":"2022-09-03T00:47:04","date_gmt":"2022-09-03T00:47:04","guid":{"rendered":"http:\/\/egrowonline.com\/?p=27869"},"modified":"2022-09-03T00:47:04","modified_gmt":"2022-09-03T00:47:04","slug":"cardanos-most-ambitious-upgrade-finally-has-a-confirmed-launch-date","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=27869","title":{"rendered":"Cardano’s Most Ambitious Upgrade Finally Has a Confirmed Launch Date"},"content":{"rendered":"


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Input-Output Hong Kong (IOHK), the blockchain development firm behind Cardano (ADA), confirmed the release date of the Vasil hard fork. It will happen on September 22, contrary to what some developers had speculated.<\/p>\n

In a series of Tweets, IOHK informed the status of the Vasil upgrade, adding that it would be the most important and complicated upgrade to date as, in addition to bringing greater capacity to the network, it will significantly reduce the cost of transactions.<\/p>\n

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VASIL UPGRADE: DATE CONFIRMED 💪
Following the successful completion & extensive testing of all core components, plus confirmed community readiness, we along with @cardanostiftung<\/a> can today announce 22nd September for the #Vasil<\/a> upgrade on the #Cardano<\/a> mainnet. 🧵$ADA<\/a>
1\/9<\/p>\n

\u2014 Input Output (@InputOutputHK) September 2, 2022<\/a><\/p>\n<\/blockquote>\n

Vasil Will Be Supported by Major Cryptocurrency Exchanges<\/h2>\n

According to IOHK, most leading cryptocurrency exchanges have already started upgrading their nodes to support the latest hard fork. The firm expects \u201ca seamless technical transition, with no disruption for its users or a break in block production.\u201d<\/p>\n

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\u201cThe majority of leading exchanges have now started their update process. Based on current trajectory & previous experience, @CardanoStiftung has every confidence in them completing their updates & meeting the 80% liquidity metric set.\u201d<\/p>\n<\/blockquote>\n

On top of that, the update will allow developers to create blockchain-based applications in a \u201cmore powerful and efficient way\u201d through Plutus, the smart contract platform of the Cardano blockchain.<\/p>\n

Vasil Delay Causes Network Commotion<\/h2>\n

Vasil<\/a> was initially scheduled<\/a> to be launched at the end of July; however, the development of the fork proved so complex that it had to be pushed back for a couple of months, causing unrest among developers such as Adam Dean, who pointed out that the Testnet was \u201ccatastrophically\u201d broken. This was denied on air<\/a> by Charles Hoskinson, creator of Cardano.<\/p>\n

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🧵 (1\/n) It\u2019s important to point out today that the #Cardano<\/a> #Testnet<\/a> is **catastrophically** broken due to a bug in Cardano Node v 1.35.2. This was the version that we had previously been told was \u201cTested and Ready\u201d for the Vasil Hardfork. This bug was only discovered\u2026<\/p>\n

\u2014 Adam Dean (@adamKDean) August 18, 2022<\/a><\/p>\n<\/blockquote>\n

Other developers, such as Peter Szil\u00e1gyi and Sebastien Guillemot, complained that the project had a \u201cculture of silence\u201d that did not allow them to talk about network errors and that even mentioning a bug caused a \u201cmulti-day panic.\u201d<\/p>\n

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We have such a hush-hush culture that even hinting at some test network issue leads to a multi-day panic. Meanwhile in Ethereum, devs can just honestly talk about their software https:\/\/t.co\/cYEY6dNp8o<\/a><\/p>\n

\u2014 Sebastien Guillemot (@SebastienGllmt) August 23, 2022<\/a><\/p>\n<\/blockquote>\n

Hoskinson, widely known for fiercely defending his creation, said Guillemot was wrong and that the tweets from both developers sought to \u201ckick up dust for no apparent reason,\u201d adding that all problems have been solved<\/a>.<\/p>\n

Now, all things seem to point out to a Cardano fully ready to be forked. In addition, 70% of the dApps tracked have confirmed that pre-production testing has been successfully executed, and 80% of the Stake Pool Operators (SPO) have been updated.<\/p>\n

Cardano Devs Are More Excited Than ADA Traders<\/h2>\n

As exciting as Vasil is, and as important as this revolutionary hard fork is for the future of Cardano, traders and speculators have responded with a \u201cMeh\u201d in anticipation.<\/p>\n

\"Price<\/a>
Price of Cardano (ADA). Image: Tradingview<\/figcaption><\/figure>\n

It is true that ADA could stop its major bearish trend, but it is also important to consider that the coin has been trading sideways since may, bouncing roughly between $0.42 and $0.6 with some exceptions. Right now, ADA trades at $0.457 which is quite near the channel\u2019s support.<\/p>\n

And with Vasil scheduled one week after the Ethereum Merge, perhaps there have not been too many eyes focusing on Cardano\u2019s developers and the ADA price charts.<\/p>\n

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<\/p><\/div>\n


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

Input-Output Hong Kong (IOHK), the blockchain development firm behind Cardano (ADA), confirmed the release date of the Vasil hard fork. It will happen on September 22, contrary to what some developers had speculated. In a series of Tweets, IOHK informed the status of the Vasil upgrade, adding that it would be the most important and […]<\/p>\n","protected":false},"author":1,"featured_media":27870,"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":[2910,1264,3337,3764,1903,171,503],"class_list":["post-27869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-ambitious","tag-cardanos","tag-confirmed","tag-date","tag-finally","tag-launch","tag-upgrade"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/09\/cardano_hardfork_cover.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/27869","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=27869"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/27869\/revisions"}],"predecessor-version":[{"id":27871,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/27869\/revisions\/27871"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/27870"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27869"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}