Cardano developer Input Output confirmed Twitter today the date for the Vasil upgrade on the Cardano mainnet. After several delays and postponements, the update will be available on the main network on September 22, after successful testing.
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
The Vasil Upgrade of Cardano is one of the most anticipated events in space and a confirmed date for the hard fork by the developers has made the community exultant. The update will help significantly improve the network using Cardano’s hard fork combinator (HFC) approach.
Input-output revealed that both stakeholder pool operators (SPOs) and Dapp communities have confirmed their readiness for the Vasil update which will take place by September 22nd. Vasil’s update is considered to be the most significant to date due to its various functions.
The Vasil update, named after a revered and respected member of the Cardano community, the late Vasil St. Dabov, will improve network performance by increasing script throughput and efficiency, and reducing block transmission latency.
“Vasil is the most significant Cardano upgrade to date, bringing greater network capacity and low-cost transactions. The update will also bring improvements to Plutus to allow developers to build more powerful and efficient #blockchain-based applications “, annotated input output
According to the developers, SPO, developers and exchanges are now carrying out the final integration test and upgrade with a release candidate of the node (1.35.3) now distributed and updated downstream components just prior to the hard fork.
Input-output previously announced three requirements that must be met before the update begins. Almost all of these requirements have been met. The first of these requirements is that at least 75% of all SPOs have been upgraded to the endpoint version.
Second, the developers claimed that TVL’s top 10 DApps on the Cardano network would be upgraded to Vasil-supported nodes. It has been confirmed that over 70% of DApps have now confirmed the success of pre-production tests.
The last of the requirements that will trigger the update is that at least 25 exchanges, which represent approximately 80% of all ADA liquidity, have updated to support the network after the hard fork.
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