Originally scheduled for June, the Vasil rollout on Cardano will finally take place on September 22. This is the most important upgrade ever launched on the blockchain.
Vasil will reduce transaction costs
Vasil was originally supposed to be launched at the end of July, but the development of the fork turned out to be so complex that it had to be delayed by several months. A situation that causes an outcry from developers such as Adam Dean, who pointed out that the testnet had been “catastrophically” destroyed. However, Cardano’s creator, Charles Hoskinson, denied the claim.
Hoskinson, widely known for fiercely defending his creation, said Guillemot was wrong. Furthermore, he said that the tweets from the two developers sought to “kick up dust for no apparent reason.” All this while adding that all the problems have been solved.
On Friday on Twitter, Input Output Global, the publisher of Cardano, said that, following the success of various tests, Vasil would be deployed on the mainnet on September 22, 2022. Indeed, Vasil will bring greater capacity to the network and reduce transaction costs.
Vasil is the most significant Cardano upgrade to date, bringing increased network capacity and lower cost transactions. The upgrade will also bring improvements to Plutus to enable developers to create more powerful and efficient blockchain-based applications,” the company trumpeted, noting that most crypto exchanges are now ready to support the upgrade.
The name of the upgrade refers to a member of the Cardano community who died last year: Vasil St Dabov.
Over 7 days, Cardano’s native token, ADA, gains more than 13% to about $0.49. The digital coin now has a market cap of over $16.8 billion.