The blockchain company behind the Cardano network, Input Output Hong Kong (IOHK), says the much-anticipated Vasil hard fork is “ever closer” after revealing the status of three critical indicators that will trigger the mainnet update. Before implementing the Vasil hard fork, IOHK wants to see at least 75% of new blocks coming from upgraded nodes, along with two other “critical indicators”.
On Aug. 25, in a Twitter thread posted, IOHK shared its latest “rollout status” of the Vasil upgrade to its 265,800 followers, with updates on “three critical mass indicators” which will determine when the mainnet update will go ahead.
Having 75% of mainnet blocks produced by nodes running 1.35.3, around 25 exchanges upgraded (representing 80% of liquidity) as well as the top ten key mainnet Dapps also having upgraded.
on Thursday, the blockchain company noted that Stake Pool Operators (SPOs) running the latest node 1.35.3 now account for 42% of mainnet block production in the current period, which is now more than halfway to the 75% required.
IOHK also claimed that one of the world’s largest exchanges, Binance, has reportedly upgraded its Cardano nodes to the latest version. The firm is targeting roughly 25 exchanges to upgrade their nodes, as it would account for approximately 80% of its native token’s total liquidity.
IOHK confirmed that they’ll continue to stay close to many of the DApp teams on Cardano, with four out of 10 already confirming they are actively testing against node 1.35.3 on the pre-production testnet.
IOHK also claimed that no new bugs have been identified, leaving nine minor bugs still to be dealt with — none of which will cause an unintended hard fork.
The long-awaited Vasil upgrade is aimed at reducing transaction size and permitting more network activity while lowering costs.
After a roadmap was released by IOHK on May 19 which planned for a hard fork on Jun. 29, the Vasil upgrade is getting delayed though developers assure that the network transition proceeds smoothly.
Co-founder of Cardano, Charles Hoskinson, recently replied to criticism about the upgrade being rushed. He recommended that they could delay the launch for months to retest the code which has already been tested and running, but the DApp developers would not see this as useful given they have waited so long already.
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