According to the blockchain’s development lab, Input-Output (IOG), the Cardano blockchain’s Vasil hard fork update will now happen on its main network on Sept. 22.
Vasil is a significant update intended to boost Cardano’s scalability and lower transaction fees; its introduction on a test network was initially scheduled for June. A hard fork is a backward-incompatible modification to the software used to validate and create new blocks.
However, the deployment witnessed repeated delays. Friday, IOG tweeted that the upgrade has passed its criterion of the successful completion and comprehensive testing of all essential components and community readiness confirmation.
VASIL UPGRADE: DATE CONFIRMED 💪
Following the successful completion & extensive testing of all core components, plus confirmed community readiness, we along with @cardanostiftung can today announce 22nd September for the #Vasil upgrade on the #Cardano mainnet. 🧵$ADA
1/9— Input Output (@InputOutputHK) September 2, 2022
According to IOG, the upgrade readiness of the network could be monitored on this web page.
The price of Cardano’s native token, ADA, decreased 0.8% over the past hour and 0.3% over the past 24 hours. Over the last year, ADA has been down 84%.
ADA price chart over the past 24 hours. Source: TradingView
