The highly anticipated Cardano (ADA) hard fork “Vasil” has been postponed. This was announced by Input-Output Global (IOG), the software company behind the cryptocurrency, in a blog post.
The reason given by product manager Nigel Hemsley was that the team needed a few more days to evaluate the latest status of the tests.
So far, the start of the Cardano upgrade was scheduled for June 29th. Now IOG and the Cardano Foundation have agreed to postpone it by about a month.
The new target date has not yet been finalized, but it will fall in the last week of July.
“Vasil” is intended to significantly improve the performance of the Cardano network. To do this, the developers are using various scaling solutions, which, among other things, are intended to improve their own smart contract platform “Plutus”.
Cardano investors have not yet punished the postponement of the network upgrade. ADA is trading at $0.504 at the time of writing, up 6.52 percent on a 24-hour basis.
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