Binance Sets To Update Its Cardano Nodes Ahead Of Vasil Hard Fork
IOG, the research team on the Cardano blockchain has revealed in a series of tweets posted on the 25th of August, 2022 that Binance has started its Cardano nodes update ahead of the Vasil Hard fork.
According to the 7th tweet thread; “Binance has announced they are updating their Cardano Nodes; so we’re on the way… kudos as ever to the Cardano exchange team for supporting this process.”
Upcoming Is Aimed To Enhance The Cardano Blockchain
Vasil Hard Fork is a well-known upgrade highly expected by the whole community. The update has been so much expected as its launching will bring a shift to the Cardano blockchain in terms of security, scalability, and smart contract performance, which will permit the developers to build more secure and efficient decentralized applications on the Cardano network.
Read Also: Ethereum Merge Is At The Corner As The Date For Bellatrix And Paris Upgrade Is Fixed
Vasil Postponed Twice For Better Coding And Monitoring
Although, the upgrade has experienced a lot of delays as a result of the carefulness of the developers. As stated by the IOG CEO, Charles Hoskinson in his recent statement, the Cardano developers will always take time to write coding very well to save the blockchain from future risk, protect the integrity of the chain prevent the users from multi-million laundering of funds.
In this regard, the Vasil launch has been shifted a couple of times owing to the bugs detected in node 1.35.0 which result in three different versions of the script but currently, developers have agreed on the final version, node 1.35.3 to be the fitted one for the vasil and its upgrade proceeds smoothly.
In the 13-tweet thread, IOG stated that no new bugs have been detected, only 9 minor bugs remain in the backlog, and there is presently nothing that is standing as a blocker to the Vasil upgrade.
It is worth noting that over 40% of block-producing SPOs are already running on node version 1.35.3 which represents a 10% increase in 48 hours.
Also, according to IOG, the team’s target for the upgrade I 75%, adding that 57% of the node on the Cardano mainnet are already running on node 1.35.3. Interestingly, as stated by the IOG, 4 of the top 10 Cardano dApps by TVL are running extensive tests with node 1.35.5 on the testnet.
Read Also: Binance Adds Support On Ethereum Fork Ahead Of Merge
Hoskinson Settles The Trending On Cardano Blockchain
Cardano founder, Charles Hoskinson recently reflected on the trending issue between him and the SPOs community to clarify and call everything to order. Recently, the Cardano blockchain has been facing some FUD. Many headlines have been created which was not very true concerning the chain.
He has also tried to curb the act of SPOs unfolding the Cardano’s private issue as this can make the investors see the upcoming Vasil with less financial interest and also make the Cardano blockchain lose most of its adoptions.
Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you’re a seasoned investor or just starting out, Cryptolifedigital’s analysis offers valuable insights into the world of cryptocurrency.
