The Cardano blockchain’s hard fork upgrade, Vasil, is scheduled for mainnet on Sept. 22, according to Cardano developer and operator Input Output Global’s (IOG) Twitter announcement over the weekend.
See related article: Cardano delays Vasil blockchain upgrade, citing bugs and ‘abundance of caution’
Fast facts
- “Vasil is the most significant Cardano upgrade to date, bringing increased network capacity and lower cost transactions,” Input Output posted on its Twitter thread.
- The upgrade will also bring enhancements to Plutus, Cardano’s smart contract platform, to enable developers to create more powerful and efficient blockchain-based applications, according to IOG.
- The upgrade has been pushed back several times, citing software bugs and testing.
- IOG said the rollout follows the successful completion and extensive testing of all core components, along with confirmed community readiness.
- A hard fork is a permanent update to a blockchain protocol that makes the new network backward-incompatible with previous blocks, often used to add or fix features of a blockchain.
- Cardano’s ADA token price rose 2.25% in the past 24 hours and 15.30% in the last seven days in Monday morning Asia time.
See related article: Markets: Bitcoin, Ether edge up; Cardano, Solana lead gains in crypto top 10