Charles Hoskinson, the founder of Cardano, disclosed in a September 18 broadcast that the Vasil hard fork implementation had reached its final stage after accepting the hard fork combinator request.
The automatic process of installing the Vasil update has begun, Hoskinson added, adding, “we all gonna sit back and watch the Vasil rocket take off. It’s in the air right now… There’s no going back now. It’s been initiated.”
September 22 is a fixed date.
Although the upgrade is slated to go live on September 22, Hoskinson noted that some of the upgrade’s impacts would not be readily apparent until September 27, owing to several technical considerations. Hoskinson did not disclose these reasons.
🚀 #Cardano on-chain growth
💥 #Vasil upgrade coming Sept 22 #blockchain #CardanoCommunity pic.twitter.com/dnKs0x9zYH
— Cardano Community (@Cardano) September 2, 2022
Additionally, the Cardano inventor urged the community to upgrade their wallets to Daedalus 5.0.0 since it has several noteworthy changes.
For months, the crypto community has eagerly anticipated the Cardano update. The update was delayed twice due to the identification of problems that resulted in complications. Hoskinson was obliged to apologise for his response to concerns that the Cardano Testnet is faulty, stating that the SPO community is essential to the network’s functioning.
The Vasil upgrade is currently the most ambitious Cardano update. It is intended to substantially increase the scalability of the network by boosting throughput, script efficiency and block transmission delay.
The price of Cardano performs poorly.
According to Coingecko, Cardano’s ADA price performance during the last week has been terrible. The token has lost 6.3% of its value during the past week. During this period, the token reached a peak price of $0.516328.
The situation has stayed unchanged over the past 24 hours, with the token losing 0.1% of its worth. ADA is trading at $0.479.