Cardano Rallies 3.80% on Vasil Upgrade September 3, 2022 September 3, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsSeptember 3, 2022 by Kelly Cromley

Cardano Rallies 3.80% on Vasil Upgrade

The Cardano blockchain’s Vasil hard fork update is now scheduled to happen on its main network (mainnet) on September 22, the blockchain’s development lab, Input Output (IOG), revealed in a Friday Twitter thread.

Vasil is a significant update intended to boost Cardano’s scalability and lower transaction fees; its introduction on a test network was initially expected for June. A hard fork is an update to the software employed to verify and create fresh blocks that is incompatible with previous versions.

Nevertheless, the deployment had repeated delays. Friday, IOG tweeted that the update has passed its criterion of “the satisfactory implementation and comprehensive testing of all necessary elements, as well as community preparedness confirmation.”

IOG said that the upgrade preparedness of the blockchain could be monitored on its website.

While preparing this report, the price of Cardano’s native token, ADA, was trading at $0.4733, reflecting a gain of 3.90% in the last 24 hours. In the past one week, the crypto token had gained 9%.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.