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Input Output Global (formerly IOHK), which works on the Cardano network, is again postponing the launch of the Vasil hard fork by several weeks.
Vasil is expected to significantly increasescalability and performance of the Cardano blockchain. In June, developers reported the appearance of seven minor errors, so it was decided to postpone the deployment of the hard fork until the end of July. However, Input Output Global (IOG) technology manager Kevin Hammond said the event was being postponed again due to access issues. The developers intend to conduct additional tests to ensure a smooth launch of the update.
"It may be a few more weeks beforebefore we move on to the actual launch of the hard fork. It is very important. We need to ensure smooth blockchain operation for all staking pool operators, trading platforms, developers and end users of Cardano,” explained IOG Vice President Tim Harrison.
According to Santiment, despite the bearishtrend of the cryptocurrency market, there is a high activity of developers on the Cardano network. Earlier, IOHK CEO Charles Hoskinson said that more than a hundred projects are in the process of switching from the Ethereum blockchain to Cardano.
The last two months ADA cryptocurrencyis trading at $0.5, which is due to the growing interest of traders and investors in the Vasil hard fork. According to Finder analysts, by 2025 the ADA rate will exceed $8 per coin, and by 2030 it will reach $58.
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