Amid Ethereum’s much-anticipated Merge, Cardano has announced that its Vasil hard fork is now much closer than ever before. The fork is the next upgrade on the Cardano blockchain. The news about the Cardano mainnet update was announced via Twitter thread by Input Output Hong Kong (IOHK), the company behind the network, on 25 August.
The timeline of the fork will depend on how soon the upgrading of 75% of the mainnet blocks producing nodes running 1.35.3, around 25 exchanges, and the top ten key mainnet dApps take place. The Twitter thread revealed that Stake Pool Operators (SPOs) running the latest node 1.35.3 currently account for 40% of mainnet block production. The goal is to achieve 75%.
The Vasil Hard Fork will increase throughput on the Cardano blockchain and improve the development of smart contracts and dApps. This fork was initially set to launch on 29 June, but it has been plagued by multiple delays, much to investors’ disappointment.
The eagerness with which the hard fork is being awaited has much to do with the fact that the last two hard forks, Alonzo and Mary, were followed by ADA rallies. Cardano investors are hoping that history will repeat itself this time too.
Despite Cardano’s developers claiming that the Vasil fork is ready, some believe that Cardano is rushing the update. In recent times, Cardano co-founder Charles Hoskinson responded by saying that delaying the launch to retest again was possible for them to do, but dApp developers would not welcome the decision because they had already been waiting for a while now.
