Cardano Hard Fork to Launch on September 22

09/05/2022By: L, Laura

The Cardano community is waiting eagerly for the Cardano hard fork upgrade. The community had expressed concern earlier about the delay in the upgrade, which was initially planned months ago. ADA developers and the Cardano Foundation have now revealed that the Cardano hard fork will occur on September 22.

 

Cardano hard fork upgrade to go live on September 22

The Cardano hard fork will occur one week after the Ethereum Merge. Ethereum developers have confirmed September 15 as the tentative date for the Merge. The Merge is a long-awaited process that will transition Ethereum from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus.

 

A tweet by Input Output Global said that Vasil was the most significant update to the Cardano network. IOG said the update would boost the network capacity and reduce transaction costs.

 

A hard fork is an upgrade when the network participants agree to split the blockchain, leading to two network versions. Hard forks are usually contentious despite the developers insisting that these processes will result in a much better blockchain.

 

The Cardano Vasil hard fork is expected to boost the ADA blockchain’s scalability. It will also boost the competitiveness of the network against other competing networks such as Ethereum. Developers creating decentralized applications (DApps) such as crypto games, decentralized finance, and crypto staking platforms on the Cardano network will also have a better Web3 experience.

 

Input Output also noted that the upgrade would enhance Plutus and allow developers to create more powerful and efficient applications. Plutus is a smart contract development platform for the ADA blockchain.

 

Cardano founder says this is the toughest update on Cardano

The founder of Cardano, Charles Hoskinson, also commented on providing a hard date for this upgrade. Hoskinson is one of the most vocal crypto community members and was also behind founding the Ethereum network.

 

In a livestream on September 2, Hoskinson said that one of the “amazing” things about the date given for the hard fork was the Independence Day of Bulgaria. Vasil is a name inspired by a late Cardano community member from Bulgaria, Vasil St.Dabov, who passed away in December last year.

 

Hoskinson said that the Vasil hard fork required a heavy workload, adding that the people behind its implementation were “overloaded”. He added that given its size and scale, the Input-Output has been pushed beyond its limits with this upgrade. He also said that this was probably the toughest update since the launch of ADA.

 

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