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In a Twitter post by Input Output, “Following the successful completion & extensive testing of all core components, plus confirmed community readiness, we, along with @cardanostiftung, can today announce 22nd September for the #Vasil upgrade on the #Cardano mainnet.”
After about three months of delay in launching its latest upgrade, Cardano has finally announced a date. This hard fork was initially scheduled to happen in June but has been rescheduled twice.
The blockchain’s fifth upgrade, which happens to be the most significant one, will be happening on September 22. In a YouTube vlog made earlier today by the founder, Charles Hoskinson, he stated that this is now the official date for the Vasil mainnet upgrade.
Cardano-associated R&D company, Input Output Hong Kong (IOHK), also announced this on a Twitter post,
"VASIL UPGRADE: DATE CONFIRMED. Following the successful completion & extensive testing of all core components, plus confirmed community readiness, we, along with @cardanostiftung, can today announce 22nd September for the #Vasil upgrade on the #Cardano mainnet.”
Being brains behind the upgrade, they also listed the three necessary crucial mass indicators which were reached:
“75% of mainnet blocks being created by the final Vasil node candidate (1.35.3). Approximately 25 exchanges upgraded (representing 80% of ADA liquidity). Top 10 DApps by TVL confirming readiness”
The Cardano ecosystem believes that this upgrade will facilitate increased network capacity and low-cost transactions. Also, it will improve Plutus, its programming language for smart contracts. This will, in turn, enable developers to build more efficient and powerful blockchain-based applications.
With the hard fork upgrade, users hope for seamless transitions with no break in block production or a technical glitch.
It is interesting to know that the fork is named in honor of Vasil Dabov, a Cardano community member who died last year. He left a legacy with about 10,000 trees planted while still with them.
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