While the merger is expected to take place in just over ten days, Cardano’s hard fork Vasyl now has a scheduled date. The highly anticipated Cardano fork will take place on September 22nd, roughly nine days after Ethereum transitions from Proof of Work (PoW) to Proof of Stake (PoS).
Cardano devs will launch Vasil on Mainnet in 19 days
Charles Hoskinson, founder of Cardano development team Input-Output Global (IOG), announced the hard date for Cardano’s (ADA) hard fork, Vasyl, in a September livestream on Twitter last week.
On Twitter, the official social media account of the IOG He spoke to the crowd. “Vasil update date [was] Confirmed” The developers announced that the codebase integration follows “successful completion”. [and] Extensive testing of all major components.
IOG also explained that the fork will be included in the main codebase on September 22nd. The IOG continued by adding:
Vasyl is the most important Cardano update to date, bringing network capacity and low-cost transactions. The update brings improvements to Plateau, which Davis says will enable the creation of more powerful and efficient blockchain-based applications.
Cardano co-founder Charles Hoskinson says Vasyl is ‘the toughest update we’ve ever had to do as an ecosystem’
IOG founder Charles Hoskinson also discussed Vasyl Hard Fork Day. Live stream “Vasil arrives on September 22, 2022,” he tweeted. The name of the hard fork, Vasil, comes from Vasyl Dabov, a mathematician and member of the Cardano community in Bulgaria who passed away recently.
During the live stream, Hoskinson explained that it was surprising that the randomly chosen date of the fork fell on Bulgaria’s Independence Day. Four Cardano Improvement Proposals (CIPs) are being added to Cardano’s (ADA) codebase.
During implementation Vasil will dock CIP-31 (Reference Inputs), CIP-32 (Inline Data), CIP-33 (Reference Scripts) and CIP-40 (Synchronization Outputs). has been he said. By IOG developers last May, CIP-31 reference scripts reduce ADA transaction costs.
At the time of writing, Cardano (ADA) was up 2.3% against the USD in the last 24 hours. ADA has grown nearly 10% over the past seven days, and currently ADA is the eighth largest crypto market capitalization with a market cap of $16 billion.
What do you think of IOG and Charles Hoskinson announcing the launch date of Vasyl’s hard fork? Let us know what you think about this in the comments section below.
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