The long-awaited Cardano’s Vasil upgrade is now live, as of September 22, 9:44 pm UTC after months of hold-up. In a tweet, the blockchain tech company Input Output Hong Kong (IOHK) gladly announced that their team, along with its partner Cardano Foundation, has successfully deployed features of Vasil to the chain.
Read CRYPTONEWSLAND onInitially slated for June, the launch date was twice held back because of issues arising from testnet bugs that create compatibility problems with its previous node version.
According to IOHK’s announcement post, the successful hard forked Cardano mainnet was expected to lay remarkable “performance & capability enhancements” to its blockchain. From its old throughput capability over diffusion pipelining, the upgrade claims to provide a “better developer experience,” boosting their script performance, efficiency, and lower costs.
Reportedly, Cardano network and its DApp users will experience the full Vasil performance at the beginning of the new epoch, which usually takes around 5 days. Slated on September 27, the new ability laid by the new Plutus V2 cost model upgrades will be active on the chain for devs on the mainnet.
As speculated, the successful launch was anticipated to pump Cardano’s’ ADA price. At the time of writing, the price of ADA is trading at $0.47, up 7% over the last 24 hours, according to data from CoinMarketCap.
As of today, the Vasil program is the boldest project that both IOHK and Cardano have taken, as per the Input Output team. IOHK expressed their gratitude towards all that was involved in taking the Vasil upgrade journey this summer, pointing out that the upgrade wouldn’t be possible without the community’s continuous support.
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