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After much anticipation, the Cardano Foundation has finally announced the official Vasil hard fork date. The team confirmed the date after the successful completion and extensive testing of all core components. The upgrade is slated to be the biggest upgrade on Cardano network. The network upgrade will bring increased network capacity and lower cost transactions.
Cardano Vasil Hard Fork Date
In addition to the testing of components, the developers have also confirmed community readiness for announcing the date. Developers have earlier stated that node 1.35.3 will be the final node version for Cardano upgrade. Several exchanges, including Binance have announced upgrading the Cardano node. In addition, many top DApps have confirmed testing against final node version.
Research and development company Input Output, along with the Foundation, announced that the final date would be September 22.
“Following the successful completion and extensive testing of all core components, plus confirmed community readiness, we along with Cardano Foundation can today announce 22 September for the Vasil upgrade on the Cardano mainnet.”
The team said Vasil is by far the most significant Cardano upgrade on the network. The upgrade is expected to bring increased network capacity and lower cost transactions. “It will also bring enhancements to Plutus to enable developers to create more powerful and efficient blockchain-based applications.”
The 80% Liquidity Metric
The Foundation said a majority of leading exchanges have now started their update process, in a sign of the ecosystem readiness. Going by the current trajectory and previous experience, the Foundation said it is confident of meeting the 80% liquidity metric. “We anticipate a seamless technical transition, with no disruption for its users or a break in block production.”
Meanwhile, the Cardano (ADA) price has been on a downward trajectory in the last few hours. As of writing, ADA is trading at $0.4529, down 0.20% in the last 24 hours, according to price tracker CoinMarketCap.
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