Skip to main content

Cardano Vasil upgrade successfully started

 


After several months of delay, the long-awaited Vasil upgrade finally went live at the end of last week. The associated hard fork is said to bring “significant improvements in performance and efficiency”.


The successful upgrade of the Cardano mainnet was announced on Twitter a few days ago by Input Output Hong Kong (IOHK), the lead developer of the blockchain project. Cardano co-founder Charles Hoskinson also accompanied the implementation of the hard fork live on Twitter Spaces.



As IOHK previously stated, one of the most important features of the upgrade is that block transmission can take place without full validation. This will allow blocks to be created faster overall in the future. Changes to Plutus, Cardano's smart contract platform, should also ensure greater efficiency and lower costs, and enable Decentralized Apps (DApps) to run on the network.



The new features being introduced for Plutus are scheduled to be available to developers starting tomorrow, September 27th.


Bill Barhydt, the founder of crypto trading platform Abra, sees the upgrade as a "huge win for developers." The DeFi project Genius Yield even praises that it is “the most complex and influential update that Cardano has ever introduced”.



The date for the upgrade was not specifically set by IOHK until the beginning of September , after several important indicators had been met in advance , which had given the green light for the implementation of the hard fork.


Previously, there had been postponements and changes in dates over several months, because implementation was actually planned for June. Due to problems in the testnet, there were two shifts , because, among other things, errors were found in a previous node version.


After the successful Vasil upgrade, Cardano is now primarily working on its own Layer 2 solution called Hydra, which moves transactions outside of the Cardano blockchain to ensure faster and more efficient processing.


In the last Hydra status update on September 16th, the development team confirmed that they are currently working on a known issue with the Hydra nodes. A specific date for the introduction of the protocol has not yet been set, but this is targeted for late 2022 or early 2023 .


In the first hours after the successful Vasil upgrade, Cardano price ( ADA ) climbed almost 4% to end up at $0.46. Nevertheless, the previous week was down 4.5% overall.

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

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more