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First Phase of Cardano Vasil Hard Fork Completed

Written By Stuti Mansata Stuti Mansata
Published September 23, 2022 6:58 AM
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First Phase of Cardano Vasil Hard Fork Completed

The Cardano blockchain completed the first phase of the Vasil hard fork upgrade on September 22 at 21:44 UTC.

The Vasil hard fork will deploy new Vasil features to the network without losing existing data on the old blockchain.

#Vasil mainnet HFC event successful!🍾

We’re happy to announce that today, at 21:44:00 UTC, the IOG team, in collaboration with the @CardanoStiftung, successfully hard forked the Cardano mainnet via a HFC event, thus deploying new #Vasil features to the chain.
🧶1/5

— Input Output Group (@IOGroup) September 22, 2022

The developers will be able to use the new capabilities of the Plutus script from September 27. 

Cardano’s developer, Input Output Hong Kong (IOHK) said on Twitter that this upgrade will “bring significant performance & capability enhancements to Cardano, from higher throughput capability via diffusion pipelining to a better developer experience with much improved script performance, efficiency & lower costs.”

The date for the upgrade was announced in early September while the “critical mass indicators” needed to trigger the hard fork were reached in the 24 hours leading up to the event.

It was just yesterday that IOHK announced that the blockchain was ready to undergo the upgrade.

The Cardano blockchain will continue to develop its Hydra head protocol, a Level-2 scaling solution which processes transactions off the Cardano blockchain whilst still using it as the security and settlement layer.

Read Also: Hoskinson Calls Hydra a Necessity, as Cardano gets Immense Traffic

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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