With the Cardano testnet hard fork complete, all that remains is to fork the mainnet, which will come in about four weeks, giving the developers enough time to prepare their tools for the advancement.
The much-awaited Vasil hard fork has been completed on the Cardno testnet, bringing it one major step closer to becoming a reality on the mainnet and auspicious about wide-ranging performance upgrades.
All the project developers, stake pool operators (SPO), and exchanges are now encouraged to organize their work on the testnet to confirm mixings run efficiently when the mainnet gets the Vasil treatment within four weeks.
Once completed on the mainnet, the Vasil hard fork will become eligible for faster block creation and greater scalability for decentralized apps (dapps) running on Cardano. Input-Output HK (IOHK), the organization that produced Cardano, said in a tweet on July 3 that in addition to the performance up-gradation, developers would benefit from “much-improved script performance and efficiency” in lower costs.
Vasil will also allow interoperability between Cardano (ADA) sidechains, one of the main features developers propose to launch in the current Basho phase of the blockchain’s development. Basho is the fourth development phase for Cardano that focuses on scaling and will be followed up with the Voltaire phase, in which governance will be the main focus.
IOHK also claimed that there would not be a proposal to hard fork the mainnet until “ecosystem partners are comfortable and ready,” but it is expected to come in about four weeks.
The former phase, Goguen, saw the launch of smart contract capabilities on Cardano, which has benefited decentralised finance (DeFi) by launching dozens of dapp exchanges and DeFi protocols according to ecosystem tracker Cardano Cube.
Cardano’s top dapp with $49.7 million in total value locked (TVL) is presently the decentralized exchange (DEX) WingRiders, according to DeFi data compiler DeFi Llama.
According to CoinGecko, the testnet hard fork has done little to move ADA as it is only up 0.1% over the last 24 hours to $0.45.
Leave a Reply