Skip to main content

Cardano Founder Explains Reasons for Vasil Delay - But Will This Be the Last?

 


The Cardano Vasil hard fork has now experienced its second delay in the last two months. This upgrade is important for the growth of the network, and as always, the Cardano developers are staying true to their lineage and only shipping secure components. The second delay was announced in late July and founder Charles Hoskinson created a video explaining what is behind the delay and what to expect for the Vasil hard fork going forward.


Delay was caused by bugs

One big thing that has plagued the crypto space has been bugs found in developers' code. These bugs were exploited by bad actors who made off with millions of dollars. However, despite the proliferation of such bugs and exploits, Cardano has been spared, thanks to the rigorous process that developers go through before shipping a product.


According to founder Charles Hoskinson, this process was the reason for the second postponement of the Vasil hard fork. As with the first postponement, he explained that bugs had been found that needed to be fixed to ensure safety. However, these errors are not only about finding them, but also about fixing them.


Hoskinson explained that not only do they need to fix the bugs, but they need to go back and see if they're fixed. Then they have to go through the entire test pipeline again, which takes time.


"So you get into a situation where the functions are complete," says the founder. “But then you have to test, and when you test you might discover something, and then you have to fix that, and then you have to go through the whole test pipeline again. So that's what's causing delays in release."


More delays at Cardano?

After the Vasil hard fork was postponed for the second time, the question on everyone's lips was when the hard fork will take place and whether there will be further delays. Hoskinson took the time to answer these questions.


The Cardano founder explained that they have already found and fixed so many bugs that he doesn't think there will be any further delays in the hard fork. He revealed that the developers have now moved on to the final stages of testing. 


"So unless something new is discovered, I don't expect any further delays," he added.


As for the price of Cardano's native token ADA, the news of the postponement doesn't seem to have hit it hard. The digital asset was hovering around $0.55 when the announcement was made, and while there was some decline, this is more attributable to Bitcoin's performance.


My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

Cardano price forecast – price breaks out! Are we near $1.5 soon?

 In our last Cardano price prediction , we wrote that the price could break out soon. The reason for this was a symmetrical triangle. This triangle was performed after the crash, so we expected the price to break down. But now the course has broken out of the triangle in a bullish manner. But how far could the course rise or what is the goal? Today we will explain to you about the Cardano course ! Cardano price broke out of the triangle and was able to rally to the $1.19 resistance. We tested this resistance, and a short time later the price was sold off. The triangle's target was around $1.23, so we now believe the price has completed the target. As a result, we no longer expect a further increase. Instead, the price could now descend and possibly form new lows. If the price breaks the $1.19 resistance, the price could rally to around $1.5. There is the next resistance where the Cardano price could bounce. If Cardano price fails to break the $1.19 resistance, we would expect the p...
Post a Comment
Read more

Tesla Beats Sales Expectations - Bitcoin Holdings Remain Flat

  The car manufacturer presented its report for the fourth quarter on Wednesday evening. Tesla exceeded expectations for sales and profits. Bitcoin holdings, meanwhile, remain unchanged. Tesla (TSLA) published the Q4 report for 2021 last night. Overall, the electric car maker recorded a sales increase of 65 percent in this quarter compared to the previous year. In the automotive sector alone, sales rose to 15.97 billion US dollars. In addition, the US company set a new record profit of 5.5 billion US dollars - an increase of 665 percent over the previous year. Analysts previously expected adjusted earnings of $2.36 per Tesla share. With 2.54, the carmaker was able to significantly exceed this value - with positive effects on the TSLA course, which recorded an increase of almost 4 percent. Tesla's bitcoin holdings, meanwhile, remained unchanged. At the end of the fourth quarter, the value remained stable compared to the previous quarter at $1.26 billion. In February 2021, Elon Musk...
Post a Comment
Read more

Cardano founder doubts Bitcoin's future as world reserve currency

  Cardano's founder doesn't believe Bitcoin has what it takes to become the world's leading currency. Charles Hoskinson stated in a recent interview that he didn't think Bitcoin would become the world reserve currency. According to the founder of Cardano, a cryptocurrency with smart contract features would become the global reserve currency. Hoskinson believes Cardano or Ethereum would become the world reserve currency. A global reserve currency must offer services like smart contracts, metadata standards, and improved throughput that complete enormous transactions per second. According to the Cardano founder , the scarcity of Bitcoin is due to the high cost of production: "If you make paintings, one of which you have to paint by hand and the other by machine, and both look the same and the demand for both is the same, then the effort for one is a thousand times greater than for the other." Hoskinson spoke about Bitcoin's massive energy consumption, addin...
Post a Comment
Read more