Cardano’s Vasil To Finally Commence on Sept 22

Cardano’s Vasil To Finally Commence on Sept 22
  • Cardano’s Vasil upgrade is slated on September 22.
  • Network participants will feel the effects of Vasil after the next epoch on September 27.
  • It remains to be seen if Vasil will have a positive effect on ADA price in the next coming weeks.

It looks like Cardano’s Vasil upgrade has a final date. According to a recent tweet by Input Output Global, the hard fork will happen on September 22.

The last update proposal to the Cardano blockchain was submitted by Input Output Global — the blockchain firm where Charles Hoskinson is CEO — and the Cardano Foundation. As many people expect, Vasil is designed to enhance Cardano’s usability and scalability.

Many people in the crypto space welcomed the news, with ADA price showing signs of recovery.

ADA/USDT 4-hour chart (source: TradingView)

As seen on the chart above, ADA price has seen a green candlestick after six consecutive reds. However, ADA still has a lot of support levels to retake, as the crypto market has been experiencing a free fall over the last 24 hours.

At the time of writing, ADA is changing hands at $0.44, according to CoinGecko. This translates to a 1-hour gain of 1.6%. However, ADA has a 24-hour and 7-day loss of 7.7% and 12.9%, respectively. It remains to be seen if the Vasil target date will have any palpable influence on the price of ADA in the coming weeks.

To set things in perspective, Cardano network participants, including DApp users, will feel the effects of Vasil after the next epoch on September 27. As many people are aware, each Cardano epoch usually takes around 5 days.

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Jesus covers news related to the crypto space in Asia and in Australia, although he follows the latest events in the US and Europe as well. He is most interested in the blockchain gaming and regulation aspects of the industry.