Saturday, December 10

IOG In Collaboration With IOG Founder Announce The Date For Vasil’s Deployment Of Mainnet To Be September 22nd, 2022

Cardano’s Hoskinson has taken out time to reveal the precise date for the launching of the Vasil hard Fork on the mainnet. In a short video done by Charles Hoskinson on September 2nd 2022, where he unveiled that the Vasil hard fork combinator event will play out on the 22nd of September 2022.

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The IOG with the support of the founder has also confirmed the date of the Vasil upgrade in a series of tweets in support of the over 11 minutes video done by Cardano’s Hoskinson.

“VASIL UPGRADE: DATE CONFIRMED. Following the successful completion & extensive testing of all core components, plus confirmed community readiness, we along with @cardanostiftung can today announce 22nd September for the Vasil upgrade on the Cardano mainnet.”

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In the series of tweet threads released by the IOG, the research team behind the Cardano blockchain, gave a lot of indications and breakthroughs that affirmative that the Vasil will come live on the mainnet at the aforementioned date. As stated by the IOG;

  1. “Vasil is the most significant Cardano upgrade to date, bringing increased network capacity and lower cost transactions. The upgrade will also bring enhancements to Plutus to enable devs to create more powerful and efficient blockchain-based applications”
  • “We’ve been tracking well against all three metrics we & Cardano Foundation set for launch: 75% mainnet blocks being created by the final Vasil node candidate (1.35.3). Approx. 25 exchanges upgraded (c. 80% of ada liquidity). Top 10 DApps by TVL confirming readiness”
  • “This is a significant undertaking for the whole technical Cardano community. So in the past 24 hours, we’ve polled members of the SPO and Dapp communities and they have given us full confidence they will be #ReadyForVasil on the 22nd.”
  • “The majority of leading exchanges have now started their update process. Based on current trajectory & previous experience, Cardano Foundation has every confidence in them completing their updates & meeting the 80% liquidity metric set.”

IOG stated in conclusion:

“The Vasil upgrade is a testament not just to the hard work of the core development team, but to the many technical contributions of the wider Cardano Community. Many of the Vasil improvements stem from community-driven Cardano Improvement Proposals (CIPs).”

Vasil Deployment Was Postponed A Couple Of Time

It is worth noting that the Vasil upgrade ought to have happened long before now but it has been postponed a couple of times for the engineers to carry out a further test on it before its deployment on the mainnet.

Alonzo Upgrade Exists Before Vasil

It is worth noting that Cardano’s Vasil upgrade is aimed to improve the Cardano network in terms of security and scalability. Also, it is good to note that Alonzo upgrade has been operating on Cardano since and has brought a host of new possibilities for decentralized applications (DApps), Decentralized exchanges (DEXS)_, and decentralized finance (Defi) solutions development on Cardano.

Also, Alonzo introduced a multi-functional environment enabling smart contract development using Plutus scripts along with native tokens introduced in Mary. The reason for the invasion of the Vasil upgrade is to scale and optimize the ledger to facilitate efficient development for a range of new applications.

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