Blockchain Cardano’s Vasil Upgrade Confirmed for Sept. 22 – Yahoo Finance

Blockchain Cardano’s Vasil Upgrade Confirmed for Sept. 22 – Yahoo Finance

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Cardano’s Vasil hard fork upgrade is now scheduled to take place on the blockchain’s mainnet, or live system, on Sept. 22, Input Output (IOG), the blockchain’s development lab, announced in a tweet thread on Friday.

Vasil is a major upgrade designed to increase Cardano’s scaling capabilities and reduce transaction costs, and had originally been scheduled for a June release on a test network. A hard fork is a backward-incompatible change to the software used to validate and produce new blocks.

The rollout underwent multiple delays, however. But IOG said in its tweets Friday that the upgrade had met its criteria of “the successful completion & extensive testing of all core components, plus confirmed community readiness.”

IOG said the network’s upgrade readiness could be tracked on this web page.

The price of Cardano’s native token ADA was down 0.8% over the last hour and 0.3% over the last 24 hours, according to CoinGecko. Over the last year, ADA is down 84%.

Read more: Cardano Builder IOG Funds $4.5M Blockchain Research Hub

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