The Cardano Hard Fork Inches Even Closer

The Cardano Hard Fork Inches Even Closer
  • IOHK has released the status of indications that will launch the mainnet update.
  • The Vasil hard fork is one of the biggest blockchain developments of 2022.
  • The EUTXO model can be used more effectively thanks to improved smart contract optimization.

On August 25, the blockchain business that runs the Cardano network, Input Output Hong Kong (IOHK), revealed to its over 260,000 followers on the rollout status of the three crucial indications that will launch the mainnet update, claiming that the much-anticipated Vasil hard fork is “ever closer.” The update involves having the top 10 mainnet Dapps update, roughly 25 exchanges upgraded (representing 80% of liquidity), and 75% of mainnet blocks produced by nodes running 1.35.3.

It is vital to note that one of the most significant blockchain updates of 2022 is the Vasil hard fork. Cardano’s security, scalability, and smart contract performance are all expected to be improved by the hard fork, enabling programmers to create more effective and secure decentralized applications (dApps) on the network.

A new pre-production environment had been developed so that exchanges, Stake Pool Operators (SPOs), and developers could test against the most recent node version. Github statistics show that the most recent node addresses some severe issues with prior node versions, provides full Vasil era capability, and makes a few minor CLI improvements. The IOHK thanks all SPOs who have upgraded their nodes so far.

With Vasil helping developers to build quicker, more effective DApps, Improved smart contract optimization enables more effective use of the EUTXO model from Cardano. The upgrade will enhance smart contracts and is a part of the Basho phase of the Cardano roadmap, which concentrates on scaling and network & ledger optimization and will enhance the ledger in numerous ways. 

Cardano’s hard-fork combinator (HFC), a cutting-edge technology that implements seamless protocol transitions and ledger upgrades while minimizing disturbance for end-users, will be used to deploy Vasil at the protocol level.

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Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

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