Cardano postpones the Vasil hardfork upgrade

Share This Post


Input Output Global, the company behind the Cardano network, has postponed the release date of the Vasil upgrade. The company said it needed to address several issues before deploying this upgrade to ensure everything worked smoothly.

Cardano postpones Vasil upgrade

In the Cardano blog post, the IOG said that the team needed a few days to assess the status of this upgrade. The date for the upgrade was originally set as June 29, but it will now be delayed to a later date until all the processes are streamlined.

“The IOG engineering team is extremely close to finalizing the core work, with just seven bugs still outstanding to complete the hard fork work, with none currently ranked as “severe.” After some consideration, we have agreed NOT to send the hard form update proposal to the testnet today to allow more time for testing,” the team said.

The team also mentioned some of its achievements in the days leading up to the upgrade. It managed to achieve around 95% of the Plutus V2 test scripts. However, a few items needed to be assessed to ensure everything worked smoothly.

Buy Cardano Now

Your capital is at risk.

The blog post also says that since the beginning of June, it had been operating successfully to run an early version of the new node. This node involves diffusing pipelining and solving the Plutus v2 CIPs and many other enhancements. It also noted that the team comprises 35 developers working on 27 projects. These developers worked with their decentralized applications (DApps) to detect issues.

“We are working closely with some of the leading tool/API providers, including Blockfrost, Cardano Serialization library (EMURGO), and Cardano Multiplatform Library (dcSpark). We want to call out the work of Mlabs and Dquadrant in particular for providing great support throughout the process. This developer testnet stage puts us in a good position when it comes to Plutus code compatibility and functionality,” the announcement added.

The team noted that the Vasil hard fork upgrade was a complex program to develop and integrate within the Cardano blockchain. Because of the challenges, the process required work from the developer team.

Projects building on Cardano

Cardano adopted smart contracts last year, and since then, it has seen notable adoption from DApps. During the second quarter of 2022, the notable growth of the Cardano network was witnessed, with the blockchain supporting more than 1000 applications from different sectors.

Read more:

Lucky Block – Our Recommended Crypto of 2022

Our Rating

Lucky Block
  • New Crypto Games Platform
  • Featured in Forbes, Nasdaq.com, Yahoo Finance
  • LBLOCK Token Up 1000%+ From Presale
  • Listed on Pancakeswap, LBank
  • Free Tickets to Jackpot Prize Draws for Holders
  • Passive Income Rewards – Play to Earn Utility
  • 10,000 NFTs Minted in 2022 – Now on NFTLaunchpad.com
  • $1 Million NFT Jackpot in May 2022
  • Worldwide Decentralized Competitions

Lucky Block

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Major Catalyst That Could Drive Bitcoin To New ATH In Q4 Emerges

With the start of the highly anticipated Uptober here, market experts have been super bullish on the Bitcoin future outlook In line with this, a crypto analyst has identified a major catalyst that

Metaplanet’s Bitcoin strategy lifts stock by 443%, targets 1,000 BTC

Japanese investment company Metaplanet has made its largest number of Bitcoin purchases to date, following the acquisition of 107913 BTC for around 1 billion yen (equivalent to $69 million), as per

Middle East Tensions Trigger Equities Sell-Off, Bitcoin Drops to $60,246

On Tuesday, major US stock indices, including the Nasdaq Composite, Dow Jones Industrial Average, Russell 2000, and S&P 500, all closed in negative territory, driven by growing concerns over

Central Bank of Tanzania to Hoard 20% of Total Gold Exports

The Central Bank of Tanzania will purchase 20% of all the gold directed for exports as the country prepares to diversify its reserves The movement is seen as a reaction to the current acceleration of

BREAKING: First XRP ETF Filed By Crypto Asset Manager Bitwise In Delaware

As Ripple approaches a resolution in its ongoing legal dispute with the US Securities and Exchange Commission (SEC), crypto asset manager Bitwise Invest has taken a significant step by filing the

Bitwise registers XRP ETF trust filing in Delaware

Asset manager Bitwise filed for an XRP exchange-traded fund (ETF) on Sept 30 with Delaware’s Division of Corporations The document consists of a registration for a Delaware statutory trust,