Cardano's Vasil Hard Fork Upgrade Is Successfully Complete: Here's What You Need to Know

Cardano's Vasil Hard Fork Upgrade Is Successfully Complete: Here's What You Need to Know ...

Cardano''s Vasil hard fork upgrade was successful, while Terra''s failure and harsh market conditions forced the company to wait for the necessary tests and to exercise caution before proceeding.

Participants on a blockchain network decide to split the chain, resulting in two versions of the same network or protocol. Cardano''s hard fork aims to increase the network''s scalability and improve the ability for Web3 developers to create decentralised apps (dApps) on Cardano.

The #Vasil mainnet HFC event has been successful today, at 21:44:00 UTC, and the IOG team in collaboration with the @CardanoStiftung, successfully helped the Cardano mainnet via a HFC event, thus introducing new #Vasil features to the chain.1/5

Plutus, Cardano''s smart contract platform, will be improved by this update. Plutus effectively separates the code that drives smart contracts, which remains off-chain and runs on a user''s machine, from the on-chain validation of transactions. These changes will allow developers to develop blockchain-based applications that are more powerful and efficient.

In the following blog post, IOHK reports that the process will increase performance and the amount of data Cardano can handle. Today, blocks of data go through a series of steps. Pipelining allows some of these steps to happen simultaneously.

Cardano already has made significant improvements as it stands today. More than 3,200 Plutus (the traditional card language used on Cardano) scripts exist on the blockchain. There are currently 1,100 projects on the blockchain. The transaction has processed a total of 50 million transactions.

Cardano is following a further big step in the development of its hydra heads scaling solution. Hydra heads will allow certain operations between a certain number of participants to take place off the main network farther down the road.

  • Irans CBDC Digital Rial Steps Into Trial Phase Amid Lack of Infrastructure

Cryptocurrency is a non-regulated digital currency, which is subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice, or any other advice or recommendation of any kind by NDTV. NDTV shall not be liable for any loss arising from any investment based on any perceived recommendation, forecast, or other information contained in the article.