Input-Output Hong Kong (IOHK), the blockchain development company behind Cardano (ADA), has confirmed the release date of the Vasil hard fork. It will happen on September 22, contrary to what some developers have assumed.
In a series of Tweets, IOHK informed the status of Vasil’s update, adding that it would be the most important and complicated update to date as, in addition to bringing more capacity to the network, it will greatly reduce the cost of transactions.
VASIL UPDATE: DATE CONFIRMED 💪
After successful completion and thorough testing of all major components, plus confirmation of community availability, we are with us @cardanostiftung today can announce September 22 for the #Vasilius update on #Cardano main network. 🧵$ ADA
– Input Output (@InputOutputHK) September 2, 2022
Vasil will be supported by major cryptocurrency exchanges
According to IOHK, most major cryptocurrency exchanges have already started upgrading their nodes to support the latest hard fork. The company expects “a seamless technical transition, with no disruption for its users or disruption in block production.”
“Most of the major exchanges have now started the upgrade process. Based on the current trajectory and previous experience, @CardanoStiftung has full confidence in completing the updates and achieving the set 80% liquidity metric. “
Additionally, the update will allow developers to build blockchain-based applications in a “more powerful and efficient way” via Plutus, Cardano’s blockchain smart contract platform.
Vasil’s delay causes confusion in the network
Vasil’s launch was initially scheduled for late July; however, development of the fork turned out to be so complex that it had to be postponed for a couple of months, causing unrest among developers like Adam Dean, who pointed out that Testnet was “catastrophically” broken. This was denied on the air by Charles Hoskinson, creator of Cardano.
🧵 (1 / n) It is important to underline today that the #Cardano #Testnet is ** catastrophically ** stopped due to a bug in Cardano Node v 1.35.2. This was the version we were told earlier was “Tested and Ready” for Vasil Hardfork. This bug was only discovered …
– Adam Dean (@adamKDean) August 18, 2022
Other developers, such as Peter Szilágyi and Sebastien Guillemot, complained that the project had a “culture of silence” that did not allow them to talk about network errors and that even mentioning a bug caused a “multi-day panic”.
We have such a culture of silence that even hinting at a few test network issues leads to a multi-day panic. Meanwhile on Ethereum, developers can just talk honestly about their software https://t.co/cYEY6dNp8o
– Sebastien Guillemot (@SebastienGllmt) 23 August 2022
Hoskinson, widely known for fiercely defending his creation, said Guillemot was wrong and that tweets from both developers were trying to “raise dust for no apparent reason,” adding that all problems have been fixed.
Now, everything seems to point to a Cardano completely ready to be forked. Additionally, 70% of monitored dApps confirmed that pre-production tests were performed successfully and 80% of Stake Pool Operators (SPOs) were upgraded.
Cardano developers are more enthusiastic than ADA traders
As exciting as Vasil is, and as important as this revolutionary hard fork is to Cardano’s future, traders and speculators responded early with a “Meh”.
It is true that ADA could stop its main 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 a few exceptions. Right now, ADA is trading at $ 0.457 which is quite close to the support of the channel.
And with Vasil scheduled a week after the Ethereum Merge, perhaps there haven’t been too many eyes on the Cardano developers and ADA price charts.
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