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- The update is named after a popular Bulgarian Mathematician and Cardano supporter Vasil Dabov.
- While writing this article, Cardano is trading at $0.5027.
Cardano developers’ input and Output have improved considerably toward the anticipated Vasil hard fork.
As of 12th September Monday, an enormous 95% of blocks are already coming from 1.35.3 nodes.
As reported by TheCoinRepublic on August 28, 2022, the Stake Pool Operators (SPOs) operating the recent 1.35.3 now justified 55% of mainnet block generation in the recent epoch. This is more than midway to the 75% needed to operate Vasil on the Cardano mainnet.
As of last Monday, the bulk of the enormous exchanges by liquidity have either integrated Vasil or begun readying for the high-stake upgrade, including such heavy-hitters as Bitfinex and Coinbase. ChangellyPRO and AB.com are the only leading among 12 exchanges by liquidity that haven’t started integrating upgrades.
CoinDCX,CoinbasePRO,CEX.io and Zipmex are on that list and are likely to be entered on in upcoming times.
To initiate the upgrade, 80% of the 25 cryptocurrency exchanges with the most elevated level of liquidity must implement liquidity.
On August 26, Friday, Charles Hoskinson went live from Colorado, where he elaborated on the new update. The update is named after Bulgarian Mathematician and Cardano supporter Vasil Dabov. Hoskinson highlighted that things are going along rapidly. The developers and the community are managing in-depth tests, with the combination of work and framework looking good.
Charles Hoskinson, in his statement, highlighted that “The next vital raise is to have the exchanges on board. Binance is stating that they are now updating by volume.”He further added that “normally, what comes after the date of the hard fork is publicized, you witness a big crowd and people promote through.”
According to data from CoinMarketCap, while writing this article, Cardano is trading at $0.5027 with a total market cap of $17,178,509,410. Although, per market cap, the Cardano token is in eighth place on the list.
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.
