Fork, yeah! Cardano Vasil upgrade goes live cryptomarketbag Blockchain update

After several months of delay, the Cardano Vasil upgrade and hard fork finally went live on Thursday at 9:44 p.m. UTC, bringing “significant performance and capacity enhancements” to the blockchain.

The success of the Cardano mainnet hard fork was announced by blockchain company Input Output Hong Kong (IOHK) on Twitter on Thursday, while others also followed suit. saw A hard fork ticked off the live Twitter space with Cardano co-founder Charles Hoskinson.

IOHK previously stated that the key upgrade brought by the fork is block transmission without full verification, allowing for faster block creation. Upgrading its Plutus smart contracts for increased efficiency allows decentralized applications to be deployed and run at low cost.

The new capabilities brought by the Plutus Script upgrade will become available to developers on the mainnet on September 27, after an era that currently lasts about five days.

Bill Barhide, founder of crypto trading platform Abra, called the upgrade a “big win for developers” with decentralized finance platform Genius Yield. Tweet It was “one of the most complex and consequential updates ever made to the Cardano network.”

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

related: Ethereum Post-Merge Hard Forks Are Here: Now What?

This comes after months of delays and rescheduling, with launch day originally scheduled for June, it was delayed twice due to issues on the testnet due to a bug in the prior node version creating compatibility issues.

Following the Vasil upgrade, Cardano continues to develop its layer-2 scaling solution, the Hydra Head protocol, which processes transactions from the Cardano blockchain while still using it as a security and settlement layer.

newest Update From 16 September the team on Hydra addressed a known issue with Hydra nodes. The protocol has no set launch date, but it is intended Sometime in late 2022 or the first quarter of 2023.

The price of the Cardano coin ADA has increased by almost 4% to $0.46 in the last 24 hours as per the successful launch announcement. coingeco data, although it is still down more than 4.5% in the week.

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