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Cardano Vasil hard fork initiated: There is no going back now

 


In a September 18, 2022 Twitter video, Cardano founder Charles Hoskinson spoke about the initiation of the Vasil hard fork. After executing the "Hardfork-Combinator Request" necessary for the upgrade, the Vasil upgrade is now in the final phase.


Charles Hoskinson further explained that the automatic process to implement the Cardano Vasil upgrades has already started :


“We will all sit back and watch the Vasil rocket lift off. It's up in the air right now (...) There's no going back now. The launch has been initiated.”


Cardano Vasil hard fork scheduled for September 22nd

Although the Vasil upgrade is expected to go live on September 22, 2022, Hoskinson says the impact may not really be visible until September 27, 2022 due to technical reasons. However, Hoskinson did not elaborate on the reasons in the video.


Also, the Cardano founder urged the community to update ADA wallets to Daedalus 5.0.0. The new version fixes some significant bugs caused by the Vasil upgrade.


The crypto community has been eagerly awaiting the Vasil hard fork for several months. The upgrade was delayed twice because critical bugs were discovered. Due to some bugs, an uproar broke out between Charles Hoskinson and the Stake Pool Operator Community in mid-August. Hoskinson decided to hand over the decision to perform the Vasil hard fork to the community - with success .


The Vasil hard fork is one of the most significant upgrades in Cardano history . The hard fork aims to improve scalability by improving throughput and script efficiency, and reducing block latencies.


ADA price falls despite Vasil hard fork

According to Coinmarketcap, the Cardano course has continued to be in the red for the past 7 days.


After the ADA price had reached its last high of 0.51 US dollars 7 days ago, the ADA price fell by around 17%.


In the last 24 hours, the downward movement continued with a price drop of around 10%. At the time of writing the article, Cardano is trading at $0.46.


If you want to know how the Cardano price could develop further: Here is our last Cardano price forecast!


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