Cryptocurrency News

Vasil Upgrade for Cardano Network Postponed Again

By July 29, 2022 No Comments
Cardano (ADA) cryptocurrency image cover

Key takeaways:

  • The Cardano Vasil hard fork faces another delay
  • The update, which is slated to drastically improve Cardano’performance, is expected to come in the next “few weeks”
  • The reason for the delay lies in the need for more testing of the Vasil update before it hits the mainnet

Update that was slated to roll out at the end of July is now delayed for “a few more weeks”

In the Cardano360 July edition that was uploaded to YouTube on Thursday, IOG’s Technical Manager Kevin Hammond revealed that the rollout of the Vasil hard fork would take “a few more weeks”.

“Obviously, from where we are, there could be a few more weeks before we go to the actual Vasil hard fork. This is incredibly important. All the users must be ready to progress through the hard fork to ensure a smooth process,” explained Hammond.

The latest delay comes roughly a month after the creators of Cardano, Input Output Hong Kong (IOHK), announced that the Vasil update needs more testing and that it would see the light of day by the end of July.

The reason for yesterday’s decision, or rather the announcement of a previously made decision, is the same as last month – developers need more time to make sure all the quirks and potential bugs of the Vasil update are ironed out before the update hits the mainnet.

The Vasil hard fork is slated to bring “massive performance improvement to Cardano,” according to the founder of IOHK and Cardano, Charles Hoskinson. The performance boost is expected to come primarily as a product of four new Cardano network improvement proposals, which will reduce transaction size and enhance smart contract functionality, launched last year with the rollout of the Alonzo upgrade.

You can watch the full Cardano360 July edition via the embedded video below: