After it failed to launch last month, Vasil hard fork delayed again as teams behind Cardano blockchain development aim for soft network upgrade.
Input Output Global (IOG), the organization responsible for Cardano research and development, posted an update on YouTube on the Vasil hard fork on Thursday..
IOG’s technical director, Kevin Hammond announced that the Vasil hard fork will be postponed once again to ensure that all parties, including exchanges and API developers, are “prepared for it”. Hammond said:
“Obviously, considering where we are, it could be a few more weeks before the Vasil hard fork goes into effect. […] This is incredibly important. All users should be prepared to progress through the hard fork to ensure a smooth process.”
Hammond noted that the IOG has been focused on solving some testnet issues., progressing with version 1.35.2 of the Cardano node. The new node version fixes issues related to staking pool operators, decentralized application (DApp) developers, internal testing, and other issues identified on the testnet.
“The goal is for me to eliminate any final issues as we head to the Vasil hard fork. What we’re doing is looking at the testing authority, doing it right and not rushing it,” Hammond added..
Amid the long-awaited upgrade, the price of Cardano (ADA) has seen significant volatility, rising more than 7% in the last 24 hours at the time of writing, trading at $0.537. The cryptocurrency is up 21% in the last 14 daysaccording to data from CoinGecko.
The Vasil hard fork is the largest update to Cardano since the Alonzo hard fork, which was completed in September 2021. The upcoming fork is positioned as a “game changer” in Cardano development as it is expected to improve the network in terms of speed and scalability, making it more suitable for smart contracts and DApps..
Input Output public the Vasil hard fork plan in May 2022, and the original goal was to execute the hard fork on the mainnet on June 29. The hard fork was delayed until the last week of July due to several “serious” bugs.
Vasil’s delay comes as the crypto community anticipates another major event for one of the largest cryptocurrencies by market cap. Ethereum, the second largest blockchain by value, is scheduled for a merge phase of its Proof-of-Stake (PoS) transition on September 19. As previously reported, the phase was delayed multiple times, with the full upgrade expected to go live in 2023.
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