April 21, 2024

Cardano developers have launched the Vasil update in the testnet of the project

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Cardano developers have launched the Vasil update in the testnet of the project

Behind the Cardano cryptocurrencyIOG, formerly known as IOHK, successfully conducted a hard fork on the test network and encouraged developers, exchanges and staking pool operators to launch their projects.

According to the developers, this will allownecessary adjustments before the update is integrated into the main network. Notably, the Vasil hard fork is one of the main features of Cardano's Basho phase, the fourth in a series of five network-building eras. The previous three focused on foundation (Byron), decentralization (Shelley) and smart contracts (Goguen), while Basho's goal was scalability.

After the launch of the Vasil project on the main networkwill provide many scalability features for the Cardano blockchain. These include increased throughput, or block creation speed, as well as better “script performance and efficiency.” In addition, all users will benefit from low fees. Moreover, Vasil will enable interoperability between Cardano and other blockchains.

IOG stated that the Vasil update for the mainThe Cardano network will only be released once the community is ready. The company expects this to be done in the next four weeks. IOG had previously scheduled a hard fork of the Vasil mainnet for June 29, but the engineering team agreed to postpone the event to free up time to fix a few minor bugs.

Cardano is constantly accused of being slowdevelopment and implementation of solutions for ecosystem development. Last month, Cardano founder Charles Hoskinson said the recent collapse of Terra confirmed the ineffectiveness of the explosive growth strategy, where the system expands uncontrollably and collapses after reaching its peak.