The Cardano Vasil hard fork has been postponed once more as developers working on the Cardano blockchain strive for a seamless network upgrade after failing to go live last month.
The group in charge of Cardano’s research and development, Input Output Global (IOG), published a YouTube update on the impending Vasil hard fork on Thursday.
The Vasil hard fork will be delayed once further to IOG technical manager Kevin Hammond, in order to make sure that all parties, particularly exchanges & API developers, are “all ready for that.” Hammond remarked:
It may take a few more weeks from where we are now before we reach the genuine Vasil hard fork. This is quite significant. All users must be prepared to proceed through the hard fork to ensure a smooth procedure.
As of the Cardano node version 1.35.2, Hammond noted that IOG has been concentrating on resolving several testnet difficulties. The latest node version addresses problems with developers of decentralized applications (DApps), stake pool operators, internal testing, and other testnet-found problems.
“The intention is to clean out any remaining problems before the Vasil hard fork. Testing authority is being fixed, and we’re taking our time, doing it correctly, and not hurrying,” Hammond continued.
Cardano Price Update
Cardano’s (ADA) price has experienced a lot of fluctuation during the anticipated update, rising around 2 % over the previous 24 hours as of the time of writing, trading at $0.518. During the last 14 days, the cryptocurrency has increased by 21 percent, according to data from tradingview.com.
Since the Alonzo hard fork was completed in September 2021, the Vasil hard fork is the biggest improvement to Cardano. In terms of Cardano development, the impending fork is positioned as a “game changer” because it is anticipated to increase the network’s performance and scalability, rendering it better suited for smart contracts and DApps.
With an initial goal of carrying out the hard fork here on mainnet on June 29, Input Output published the plan for the Vasil hard fork in May 2022. Due to multiple “serious” issues, the hard fork was ultimately postponed until the last week of July.
The cryptocurrency community was expecting another significant event for one of the biggest cryptocurrencies by the market cap when Vasil’s delay occurred. On September 19, Ethereum, the second-largest blockchain in terms of value, will enter the merger stage of its proof-of-stake (PoS) shift. The phase has been postponed several times, as was previously reported, and the whole improvement is anticipated to become live in 2023.
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