Cardano’s long-awaited Vasil update ( BINA:ADAUSDT ), which aims to improve network scalability and performance, has passed the testnet “successfully” and is expected to be deployed to the mainnet within a month.
Input Output Hong Kong (IOHK), the research and development company that developed the Cardano blockchain, announced Sunday that,
“We are happy to report that today at 21:20 ET the IOG team has successfully hard forked Cardano Testnet. This is an important next step in the journey to upgrade Vasil on the mainnet.”
The team also asked participation pool operators (SPOs) and developers building on the blockchain to begin the final testing and integration processes. “Vasil is a complex work program. Projects will need to verify backwards compatibility and SPOs will need to make some script tweaks,” said IOHK.
Hours after the testnet launch, Cardalonia , a metaverse on the Cardano blockchain, also announced that the launch was a success, adding that the hard fork is now “inevitable.”
The Vasil hard fork is expected to be deployed to the mainnet four weeks after its implementation to the testnet, meaning the update could be released in early August.
The update, which follows the Alonzo hard fork that enables the smart contract, aims to bring significant performance and capacity upgrades to Cardano. The upgrade will achieve this by improving script performance and efficiency, as well as reducing costs.
The update was initially scheduled to be released on June 29. However, in a blog post , IOHK confirmed that there would be a slight delay.
Meanwhile, at 3:37 pm on Monday, the 8th coin by market cap, ADA, is up 0.77% in the last 24 hours to trade at $0.4589. It dropped 5% in one week and 17% in one month.
