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Cardano hard fork "Vasil": Upgrade to testnet launched

 


The highly anticipated Vasil hard fork was performed on the Cardano testnet. This brings the network a big step closer to the upgrade. This should bring comprehensive performance improvements.


Project developers, stake pool operators (SPO) and exchanges are now being encouraged to bring their work to the testnet to ensure integrations run smoothly when the mainnet hard-forks Vasil in about four weeks.

Once the Vasil hard fork has been performed on mainnet, it will enable faster block creation and greater scalability for decentralized applications (DApps) . Input Output HK (IOHK), the organization behind Cardano, said in a tweet on Sunday that alongside the performance improvements, developers can expect "significantly improved script performance and efficiency" and lower costs .


Vasil also wants to enable interoperability between Cardano sidechains. This is one of the main features that the developers plan to introduce in the current basho phase . Basho is Cardano's fourth development phase, which focuses on scaling and is then succeeded by the Voltaire phase, which focuses on governance.

IOHK also stated that a hard fork on mainnet would not be proposed until "ecosystem partners are comfortable and ready." However, it is expected that this will be the case in four weeks.


The previous phase called Goguen launched a smart contract capability on Cardano that was used by DeFi developers to launch a range of decentralized exchanges and DeFi protocols, according to data from ecosystem tracker Cardano Cube .


Cardano’s top DApp, namely the DEX WingRiders, has a TVL of $49.7 million, according to data from DeFi data aggregator DefiLlama .


The testnet hard fork moved Cardano ( ADA ) only slightly. According to CoinGecko, it is up just 0.1 percent to $0.45 over the past 24 hours.

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