IOG Launches Vasil Hard Fork on Cardano Testnet, Prepares for Mainnet Deployment

Vasil Hard Fork upgrade has finally been launched on Cardano Testnet, bringing the Cardano mainnet closer to experiencing significant performance upgrades.

The much anticipated ‘Vasil’ hard fork upgrade has finally been launched on the Cardano testnet, bringing the network’s mainnet one step closer to experiencing significant performance upgrades.

Vasil Live on Cardano Testnet 

In the last week of June, Input Output Global (IOG), the lead development team of Cardano, submitted a revised proposal for its hard fork, the Cardano testnet, and started the countdown to the Vasil mainnet upgrade thereafter.

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On July 3rd, at 20:20 UTC, IOG announced that the Vasil hard fork (epoch 215) upgrade had successfully launched on the Cardano testnet. 

Mainnet Close to Vasil Hard Fork

According to the IOG, exchanges and Stake Pool Operators (SPO) would require at least four weeks to test Vasil’s deployment on the testnet.

Once the tests are completed, IOG will prepare to deploy the hard fork on the Cardano mainnet. This means that the earliest date for Vasil’s deployment is the last week of July.

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Once Vasil has been deployed, the Cardano mainnet is expected to enjoy faster block creation and greater scalability for the network. Additionally, it would also introduce interoperability between Cardano side chains.

On the Flipside

  • IOG announced that there would be no proposal to deploy the Vasil hard fork on the mainnet until ecosystem partners indicicate their readiness.

Why You Should Care

The Vasil hard fork is a significant upgrade for Cardano, as it aims to increase the scalability of the network, thereby allowing for the launch of dApps and stablecoins.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia