By Nathan Ferguson
The exclusive upgrade of Cardano’s Vasil mainnet is scheduled to be carried out on 22nd September, as declared by Charles Hoskinson (the founder of the platform) on Friday through a vlog on YouTube. The respective hard fork was initially planned for June 2022 and its rescheduling has been done two times this year.
Cardano CEO Confirms 22nd September as the Date for Vasil Upgrade
As per Input Output Hong Kong (IOHK), the company which operated on the respective update, 3 inevitable mass pointers have been touched on. According to the platform, the initial indicator is seventy-five percent of the mainnet blocks – which are being manufactured on the behalf of the ultimate Vasil node. The 2nd is that nearly 25 exchanges upgraded, demonstrating liquidity’s 80%.
The 3rd indicator says that the prominent ten decentralized applications (in terms of TVL) have updated to 1.35.3 and they are presently prepared for mainnet. IOHK noted that, among the well-known twelve crypto exchanges, Bitrue and MEXC are prepared for the respective upgrade, whereas Binance is approximately there with HitBTC, BKEX, WhiteBit, Coinbase, and Upbit in the progress.
According to the promises of the developers, higher scalability is expected with decreased charges to be implemented by the hard fork. This will take into account the earliest chief upgrade to advance the Plutus script (known as the programming language which is utilized for smart contracts present on the blockchain of Cardano). the introduction of Plutus was carried out during the former upgrade called Alonzo which occurred in September 2021.
Cardano CEO, Charles Hoskinson, took to Twitter and shared the news of the date confirmation for the Vasil upgrade. In the words of the CEO, they have accomplished comprehensive and full testing of the entirety of the key components along with confirming the readiness of the community.
2023 to Be an Important Year in Cardano’s Future Advancement
Moreover, he mentioned that all of the employees operating in the venue have done a great job and another milestone will expectedly be witnessed on 22nd September on the Cardano network. He added that they began with the work and realized that after some time they can have the same mechanism and strategy as done by Ethereum. He moved on to say that they have comprehended the road map and that 2023 will be a significant year in this respect.