Just a few meters away from the next milestone: Cardano is heading for the next hard fork. With the “Vasil” upgrade planned for the end of July, the blockchain will receive a performance boost that should be noticeable on many levels. But what are the concrete improvements?
The next level of development
For the sake of clarity, the development of Cardano is divided into several phases. The network is currently in the “Basho Era”, named after the Japanese poet Matsuo Bashō. After the previous sections have expanded the scope for action, for example by integrating smart contracts, Cardano is being scaled up at this stage. More transactions, faster processing, and a focus on interoperability: In Basho, Cardano will be geared towards mass adoption. The hard fork Vasil is an important building block.
According to Charles Hoskinson , this does not have a direct effect on the “average Cardano user”. But all the more on developers: "We make network improvements, consensus improvements with pipelining, we update significant changes to the Plutus language," says the Cardano boss, who speaks of Vasil as the "biggest and most important" hard fork, "that we've ever done".
However, users do not go empty-handed. The upgrade will “increase Cardano’s throughput,” Hoskinson explains, “and optimize the system to accommodate a growing number of decentralized finance (DeFi) applications, smart contracts and DEXs (decentralized exchanges).” Ultimately, all Cardano users benefit from this.
The smart contracts “need less storage and therefore less transaction fees”. A win-win situation: "It will be faster and cheaper for users, and there will be more opportunities for developers to write even more powerful smart contracts that also perform better," says the mathematician.
And then?
Vasil is an important but not the only piece of the scaling-era basho jigsaw puzzle. In addition, sidechains are being expanded, which increase the token transfer and thus the interoperability of Cardano with other networks. Another focus is on the layer 2 scaling solution “Hydra”. Based on the many-headed monster from Greek mythology, Hydra allows transactions to be executed in parallel without burdening the mainnet. "The rough idea" behind it is "that transactions are not carried out on the blockchain, but off-chain, so to speak," says Brünjes.
After the scaling wave, Cardano finally enters its final cycle: the Voltaire era, where control of the network is gradually handed over to users. During the section everything revolves around governance, users get more participation rights. There is still a lot to do, a few hard forks are likely to pass before the final Cardano.
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