Search Inside Bitcoins

Cardano Vasil Upgrade To Be Delayed For Several Weeks

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Cardano ranks highest in developmental
Cardano ranks highest in developmental

Join Our Telegram channel to stay up to date on breaking news coverage

The Cardano Vasil hard fork has been pushed back again as the developers are looking to ensure a smooth transition for the community. The upgrade was initially scheduled to happen in a month.  But Input Output Global (IOG), the company that undertakes Cardano’s research and development, has released a YouTube update, announcing that the hard fork has been rescheduled.

The Developers Want A Smooth Transition

Kevin Hammond, technical manager of IOG, stated that the hard fork has been postponed to make sure that all the parties such as API developers and exchanges, are prepared for the upgrade.

“Obviously, from where we are, there could be a few more weeks before we go to the actual Vasil hard fork,” he stated. Hammond added that the process is a comprehensive one and all users are expected to o along the process to ensure that the transition is smooth and straightforward.

He said the IOG has been trying to solve some testnet issues as it progressed with the Cardano node version 1.32.2. Following the fix, the new node version has solved issues connected to stake pool operators, internal testing, decentralized application developers (DApp), and other issues identified on the testnet.

Buy Cardano Now

Your capital is at risk.

Hammond stated that it will completely wipe out any final issues before the Vasil hard fork. He added that the idea is to try and fix every issue that may arise after the upgrade to ensure that the transition goes smoothly.

ADA’s Price Witnesses Some Volatility

In anticipation of the upgrade, the Cardano (ADA) price has witnessed some level of volatility in the market. It has gained over 7% within the past 24 hours and is now trading at $0.537 at the time of writing. The crypto asset has surged 21% over the past two weeks, based on the data from CoinGecko.

The Vasil hard fork will be the biggest upgrade to the Cardano system since the Alonzo hard fork in September 2021. Many enthusiasts have labeled the upcoming hard fork as a “game changer” in the history of the platform. There are high expectations placed on the upgrade, including improving the scalability and speed of the network. It will also make it easier and feasible for DApps and smart contracts.

Read more:

Join Our Telegram channel to stay up to date on breaking news coverage

Read next