Fork, yeah! Cardano (ADA) Vasil upgrade goes live

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Fork, Yeah! Cardano Vasil Upgrade Goes Live

After a few months of delays, the  (ADA) Vasil upgrade and hard fork has eventually  gone live as of Thursday at 9:44 pm UTC, bringing “significant performance and capability” enhancements to the blockchain.

The of the Cardano (ADA) mainnet hard fork was announced by blockchain tech company Hong Kong (IOHK) on Twitter on Thursday, while others likewise observed the hard fork tick over in a live Twitter Spaces with Cardano (ADA) co- Charles Hoskinson.

IOHK previously stated the significant upgrades brought by the fork is block transmission without full validation, allowing for faster block creation. Upgrades to its Plutus smart contracts for increased efficiency likewise allow applications to deploy and run at lower costs.

New capabilities brought by the Plutus script upgrades will become available for developers on the mainnet on Sept. 27, after one epoch which at present lasts around 5 days.

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Bill Barhydt, founder of Abra called the upgrade a “big win for developers” with (DeFi) platform Genius Yield tweeting it was “one of the most complex and consequential to the Cardano (ADA) ever done.”

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

It comes after months of delays and reschedules, with the launch day originally slated for June, it was twice delayed due to issues on the testnet caused by bugs in a prior node version creating compatibility issues.

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After the  Vasil upgrade, Cardano (ADA) is continuing to develop it’s layer-2 solution, the Hydra head , which processes off the Cardano (ADA) blockchain tech whilst still using it as the security and settlement layer.

The most recent update on Hydra from Sept. 16 detailed the team addressed a known issue with the Hydra nodes. The protocol has no set launch date, but it’s intended for sometime in late 2022 or the 1st quarter of 2023.

The notice of the successful launch sent the price of Cardano’s coin ADA upwards by nearly 4 percent over the last 24 hours to $0.46 as reported by CoinGecko data, although it is still down over 4.5 percent on the week.

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