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0.62%Blockchain Cardano’s Vasil Upgrade Confirmed for Sept. 22
The hard fork had initially been scheduled for a June release.
By Nelson Wang
Updated May 11, 2023, 6:14 p.m. Published Sep 2, 2022, 6:44 p.m.
The Cardano blockchain's Vasil hard fork upgrade is now scheduled to take place on its main network (mainnet) on Sept. 22, Input Output (IOG), the blockchain’s development lab, announced in a tweet thread on Friday.
Vasil is a major upgrade designed to increase Cardano's scaling capabilities and reduce transaction costs, and had originally been scheduled for a June release on a test network. A hard fork is a backward-incompatible change to the software used to validate and produce new blocks.
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The rollout underwent multiple delays, however. But IOG said in its tweets Friday that the upgrade had met its criteria of “the successful completion [and] extensive testing of all core components, plus confirmed community readiness.”
IOG said the network’s upgrade readiness could be tracked on this web page.
The price of Cardano’s native token, ADA, was down 0.8% over the last hour and 0.3% over the last 24 hours, according to CoinGecko. Over the last year, ADA is down 84%.
Read more: Cardano Builder IOG Funds $4.5M Blockchain Research Hub
Nelson Wang
Nelson edits features and opinion stories and was previously CoinDesk’s U.S. News Editor for the East Coast. He has also been an editor at Unchained and DL News, and prior to working at CoinDesk, he was the technology stocks editor and consumer stocks editor at TheStreet. He has also held editing positions at Yahoo.com and Condé Nast Portfolio’s website, and was the content director for aMedia, an Asian American media company. Nelson grew up on Long Island, New York and went to Harvard College, earning a degree in Social Studies. He holds BTC, ETH and SOL above CoinDesk’s disclosure threshold of $1,000.
