In a September 18 broadcast, Cardano founder Charles Hoskinson revealed that the Vasil hard fork implementation is now in its final stage after the hard fork combinator request was accepted.
Updated Sep. 22, at 10:00 PM UTC: Cardano’s Vasil hard fork will take place during the next epoch, a measurement of time on-chain, which starts late Sep. 22. The rest of the network upgrade will take effect the epoch after, on Sep. 27.
Hoskinson continued that the automated process of implementing the Vasil upgrade has started, adding that “we all gonna sit back and watch the Vasil rocket take off. It’s in the air right now…There’s no going back now. It’s been initiated.”
Vasil hard fork is locked for Sep. 22
While the upgrade is scheduled to go live on September 22, Hoskinson stated that some of the upgrade effects would only become much more visible by September 27 due to several technical reasons. Hoskinson did not reveal these reasons.
The Cardano founder also implored the community to upgrade their wallets to Daedalus 5.0.0 because it contains some notable fixes.
The crypto community has highly anticipated the Cardano upgrade for several months. The upgrade was delayed twice because of the discovery of bugs which led to issues. Hoskinson was forced to apologize for his approach to claims that the Cardano Testnet is broken, saying that the SPO community is crucial to the network.
Meanwhile, the Vasil upgrade is the most ambitious Cardano upgrade. It is designed to drastically improve the network’s scalability by increasing throughput, script efficiency, and reducing latency in block transmission.
Cardano’s ADA price performs poorly
Cardano’s ADA price performance has been poor within the last seven days, according to data from Coingecko.
Per the data, the token has shed 6.3% of its value within the last seven days. During this period, the token traded for as high as $0.516328.
The story has remained the same over the last 24 hours, with the token shedding 0.1% of its value. As of press time, ADA is trading for $0.479.
For Be[In]Crypto’s latest Bitcoin (BTC) analysis, click here.
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