Cardano’s Vasil hard fork will be launched on September 22nd, three months beyond the original deadline.
Cardano inventor Charles Hoskinson informed on his YouTube video Friday that the Vasil mainnet update would be place on September 22. The hard fork was slated for June of this year, but it was deferred twice.
According to Input Output Hong Kong (IOHK), a Cardano-related R&D business that worked on the upgrade, three critical mass indicators have been met:
“1. The final Vasil node candidate generates 75% of mainnet blocks” (1.35.3) 2. About 25 exchanges were upgraded (representing 80% of ada liquidity). 3. top ten DApps confirmed by TVL that they have updated to 1.35.3 on PreProduction and are ready for mainnet.”
According to IOHK, MEXC and Bitrue are “ready” for the update, while Binance is “almost there” and Upbit, Coinbase, WhiteBit, BKEX, and HitBTC are “in development.”
The hard fork will include the first significant update to the Plutus script — the programming language used for smart contracts on the Cardano blockchain — and developers have promised increased scalability and cheaper costs. Plutus was first included in the previous patch, Alonzo, in September of last year.
“If we’ve all done our jobs well, we’ll wake up on September 22nd and it’ll be just another day,” Hoskinson stated on his YouTube vlog. He later added:
“We began with the understanding that, over time, we could achieve what Ethereum has accomplished, but we also recognized a road map to get there.” […] There’s a lot on the horizon, particularly in 2023.”
The fork is named after Vasil Dabov, a Bulgarian Cardano community member who died in 2021. On Friday, Cardano’s ADA was trading at $0.454, up 0.98% over the previous week.