Vasil’s long-awaited hard fork has been completed on the Cardno testnet, bringing it one step closer to becoming a reality on the mainnet and promising performance upgrades.
Project developers, SPOs and exchanges are now encouraged to publish their work on the testnet to ensure that integrations run smoothly when the mainnet gets Vasil’s processing in about four weeks.
We are pleased to announce that today at 20:20 UTC the IOG team has successfully forked #cardano testnet. This is an important next step in the journey towards upgrading Vasil on the mainnet.
– InputOutputHK 3 July 2022
Once completed on the mainnet, Vasil’s hard fork will allow for faster block generation and greater scalability for decentralized applications (dapps) It works on Cardano. Input Output HK (IOHK), the organization that produced Cardano, said on July 3 tweet That in addition to performance upgrades, developers will benefit from “much improved script performance and efficiency” and lower costs.
Vasil will also enable interoperability between Cardano (ADA) sidechains, one of the main features that the developers intend to release at the moment Basho Blockchain development stage. Basho is the fourth phase of Cardano’s development that is focused on expansion and will be followed by the Voltaire phase, where governance will be the main focus.
Vasil’s upgrade is now available on testnet, and will hit mainnet in a few weeks. Expect Cardano DeFi to hit the slopes here
– ADA whale (@cardano_whale) 3 July 2022
IOHK also noted that there will be no proposal to split the mainnet until “ecosystem partners are comfortable and ready,” but that it is expected to come in about four weeks.
The previous phase, Goguen, saw the launch of smart contract capabilities on Cardano, which Decentralized Finance (DeFi) Developers have benefited by launching dozens of dapp exchanges and DeFi protocols according to the ecosystem Keep track of Cardano cube.
Best Cardano app with a total unlocked value of $49.7 million (TVL) is currently the decentralized exchange (DEX) WingRiders, according to DeFi data Translator Davy Lama.
The testnet hard fork didn’t do much to move ADA as it only rose 0.1% in the past 24 hours to $0.45, according to to CoinGecko.
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