Cardano team says all “critical mass indicators” met for Vasil upgrade

September 23, 2022

The highly awaited Cardano Vasil upgrade is set to take place just a few hours from now on Thursday (September 22).

The Cardano team has noted that all three “critical mass indicators” needed to trigger the upgrade have now been fulfilled.

A Twitter update by Input Output Hong Kong (IOHK), stated that within the last 48 hours, thirteen crypto exchanges confirmed their readiness for the hard fork.

These 13 crypto exchanges represent over 87% of Cardano’s (ADA) liquidity.

Vasil is the most desirable update program for Cardano till date.

The upgrade is believed to bring significant improvements using Cardano’s hard fork combinator (HFC) approach.

The upgrade is expected to enhance the network’s performance by increasing throughput, script efficiency, and lowering latency in block transmission.