Cardano announced that the Vasil hard fork has been launched on the blockchain’s testnet after being postponed
Vasil Hard Fork Goes Live on Cardano Blockchain
According to a statement published on Sunday by principal developer Input Output, Cardano’s Vasil hard fork has begun operating on the testnet of the blockchain.
According to the business, the incident signified an “essential next step” in the deployment of the much-awaited upgrade.
Stake pool operators, developers, and cryptocurrency exchanges will test Vasil throughout the course of the next four weeks. The mainnet of the blockchain will then initiate the hard fork.
Delayed Launch
As reported by Coinscreed, Input Output declared that the hard fork rollout had been postponed. Nigel Hemsley, head of delivery and products at Input Output, emphasized that the development team had prioritized quality and security over time, so there was no need to release the upgrade.
Vasil, according to Hemsley, is the Cardano team’s most complex development initiative so far.
The high-stakes upgrade will ensure more throughput and enable interoperability, which is projected to significantly improve the blockchain’s performance capabilities.
After being postponed, the hard fork combinator event is now anticipated to happen in late July.
Alonzo Hard Fork
In September 2021, Cardano’s Alonzo hard fork, which enables smart contracts, was released. The incident caused the ADA cryptocurrency price to rise to its current record high of $3.09.
Since then, the native token of Cardano has lost more than 85% of its value and is now trading at $0.44 on the biggest spot exchanges.
Following the most recent report, ADA has lost more than 10% over the past week, continuing its downward trend.
