Cardano Vasil Hardfork Expected to Take Place in July End
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According to a series of tweets from Input-Output on June 28, the team submitted a new request to hardfork the Cardano testnet and started the countdown for the Vasil mainnet upgrade. They have also obtained "good chain density to continue securely." The developers specifically stated that the chain density was made possible by the new Vasil node producing more than 75% of testnet blocks (1.35.0).
Cardano's Biggest and Best Upgrade Yet
Input-Output also reminded their followers that the Vasil upgrades are "Cardano's biggest and best upgrade yet." These Vasil upgrades ensure increased throughput through diffusion pipelining to a better developer experience via much-improved script performance & efficiency (plus cheaper costs). As they stated earlier, the top priority of this upgrade is maintaining customers' safety and security. The community has also asked for a minimum of 4 weeks so that SPOs, developers, and exchanges can test and upgrade before hardforking the Cardano mainnet.
"Once everyone is satisfied & ready, we'll go through the same process to upgrade the mainnet to Vasil," the team said in closing.
According to statistics from CoinMarketCap, the value of Cardano's cryptocurrency, ADA, was $0.4693 at the time of publication. It represents a loss of 4.59 % for the day but an increase of 1.10 % over the seven days prior.