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- The Blockchain Developer Input Output Hong Kong (IOHK) has submitted the proposal to upgrade the Cardano technology.
- This Vasil upgrade promises to bring outstanding performance and safety upgrades to the world of blockchain technology.
- If there are no issues, the testnet will be uploaded onto the testnets for the developers to check the software programs on July 3.
The Updates Coming Up
The company will finally launch Cardano’s upcoming upgrade onto a testnet from July 3, 2022.
This testnet can be tested and verified by developers, exchanges, and programmers.
The Blockchain Developer Input Output Hong Kong (IOHK) has submitted the proposal to upgrade the Cardano technology.
This has kicked off the countdown for the network’s Vasil mainnet upgrade.
This Vasil upgrade promises to bring excellent performance and safety upgrades to the world of blockchain technology.
IOHK claims that the fork is the biggest and the best update to date. One of the most significant reasons for this update is updated script performance and lower developers’ costs.
But Why The Upgrade?
The diffusion pipeline, which is aimed at drastically improving the scalability of the blockchain for decentralized applications, commonly known as dApps, is one of the most significant updates the update brings to the table.
The Vasil Upgrade doesn’t require full validation during the blockchain verifications. Therefore, this helps in faster block creation.
If there are no issues, the testnet will be uploaded onto the testnets for the developers to check the software programs on July 3.
The Cardano community requested four weeks minimum to allow time to test and upgrade applications on the testnet. IOHK says the hard fork for the mainnet will take place “once everyone is comfortable and ready.”
Cardano is often known as the Ethereum killer as the cryptocurrency offers a PoS, or proof-of-Stake protocol, with better scalability and transaction rates than Ethereum.
The Vasil node is named after Vasil Stoyanov Dabov, a Cardano community member and an artist who passed away in December 2021.
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With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
