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Cardano’s Vasil Hard Fork is scheduled for June 29, testnet set to launch by the end of May

May 15, 2022
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Cardano Has Seen A Rapid Rise With Over 5000 Smart Contracts Deployed 

New Ideas For DeFi Treasury Management: How To Overcome Current Difficulties?

Cardano founder Charles Hoskinson has announced that the Vasil Hard Fork would proceed as planned. The platform and its smart contract platform, Plutus, will see significant improvements in the Vasil Hard Fork on June 29. To that aim, IOHK suggests that the testnet might go live by the end of May.
Cardano's Vasil Hard Fork is scheduled for June 29, testnet set to launch by the end of May
Cardano’s Vasil Hard Fork update is expected to launch on the mainnet at the end of June, while the testnet will begin at the end of May.

Hoskinson has expressed positive expectations that the upcoming Vasil Hard Fork upgrade could provide a “massive performance improvement to Cardano” and its smart contract capabilities.

Cardano Mid-Month update https://t.co/MjEjTM5WRl Vasil on schedule

— Charles Hoskinson (@IOHK_Charles) May 14, 2022

The upcoming Vasil update will introduce four different CIPs: CIP-31 (Reference Inputs), CIP-32 (Inline Datums), CIP-33 (Reference Scripts) and CIP-40 (Collateral Outputs), as shared by IOHK.

NEW VIDEO: #Cardano360 mid-month update

In this video, we bring you the latest on the road to Vasil HF (on track for June 29th), what developers can expect to see once the testnet is released at the end of May & the latest status on network performancehttps://t.co/UYwTbQPB7Q

— Input Output (@InputOutputHK) May 13, 2022

The integration of UTXO HD, which focuses on inspection and resolution, is also being pioneered. Cardano (ADA) says it has re-deployed eight IOG nodes to the P2P test network and added 51 pre-registered SPOs to evaluate testnet performance and share feedback.

This week, the blockchain platform released Daedalus 4.10.0, which enhances the display of unnamed native tokens, provides support for the Windows development environment, and fixes a pairing issue for the Ledger Nano S on Windows. The Hydra team released 0.5.0 the next week.

IOHK also supplied statistics on network growth in the form of a chart. Cardano is now powering 937 projects, up from 925 earlier. It has recently released 84 projects, bringing the total number of NFT projects to 5,549. Github links totaled 2,609 this week, while Cardano native tokens increased to 4.7 million.

Cardano's Vasil Hard Fork is scheduled for June 29, testnet set to launch by the end of May

At the time of publication, ADA was trading down 3.31% at $0.522, according to CoinCu data.

Cardano's Vasil Hard Fork is scheduled for June 29, testnet set to launch by the end of May
ADA 24h chart. Source: CoinCu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

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Cardano Activate Vasil Upgrade On The Mainnet As The ADA Price Prepares To Launch At $1

What Is Going On With The Vasil Hard Fork And Cardano's Testnet?

Cardano Hard Fork Is Getting Closer As 42% Of Blocks Now Come From Improved SPOs

Tags: ADACardanoCharles HoskinsonDaedalusDeFiUTXOVasil Hard Fork
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