Cardano on a critical day: ADA ready to take the plunge with Vasil fork

Cardano is renewed – This September will have been a month of big changes in the cryptosphere. In addition to the fusion who happened Ethereum (ETH) proof of stake (PoS)that’s the project Cardano (ADA) that is undergoing a critical update. This should bring a lotimprovements to the crypto founded by Charles Hoskinson.

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Cardano will enhance its smart contracts with Vasil

the reverse ofEtherealthe network of Cardano it had already happened proof of stake and bets since July 2020 with shelley update. But these are yours intelligent contracts that they sinned by their impracticality. Contributed by the alonzo fork September 2021, these smart contracts were still poorly functionalcompared to those of the ETH network.

the hard fork Vasil must largely improve usage death smart contracts in Cardano. However, the latter should take place today, Thursday. September 22 2022. According to a series of cheep teams ofinput and output (IOHK) – the main developers of the ADA network – several “critical mass indicators” it would now have turned green to perform the update.

“Vasil is the most ambitious Cardano upgrade to date. With such a complex update and multiple stakeholders, we need to make sure the ecosystem is ready. In the last 48 hours, [de nombreuses] Crypto exchanges have confirmed that they are ready for Vasil.
With this latest incorporation we have achieved the 3 indicators of critical mass:
– 39 updated crypto exchanges (87.59% of liquidity);
– Over 98% of mainnet blocks are now created by Vasil nodes (1.35.3);
– The top Cardano DApps (decentralized applications) by their value in locked cryptos (TLV) have confirmed that they have been tested and are ready. »

Cardano is ready for its Vasil upgrade.
Twitter account @InputOutputHK

The Vasil fork should also reduce transaction costs on Cardano, and improve your scalabilityyour number of transactions per second. Although the postponement of its release date (originally scheduled for June 2022), I wish Charles Hoskinson’s network is right this time. And, above all, that this important update happens also than The Merge on Ethereum.

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