Cardano’s previously delayed Vasil upgrade has triggered, bringing increased network capacity, higher throughput and lower transaction costs.
required and gained assurances from staking pool operators, exchanges, and dApp communities they were ready for Vasil. According to IOG, Vasil represents the most significant upgrade for the blockchain to date.
A joint IOG and Cardano Foundation team used the hard fork combinator — Cardano’s unique mechanism for changing the blockchain — to deploy Vasil at the protocol level at epoch 365, enabling a seamless technical transition with no downtime or disruption to users. The upgrade is the result of a collaborative effort across the Cardano ecosystem from the core development team, the Cardano Foundation, IOG, Emurgo, and the wider Cardano community via technical Cardano Improvement Proposals . Now deployed, the upgrade promises increased functionality, performance and scalability. The new Vasil capabilities will be available to utilize on the mainnet after exactly one epoch, on Sept. 27. The upgrade takes its name to honor Bulgarian mathematician Vasil St. Dabov, a Cardano ambassador and community member who died late last year. Coincidentally, Vasil also falls on Bulgaria’s independence day. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.James is a newsletter writer at The Block and focuses on blockchain ecosystems. Prior to joining The Block, James was a freelance content writer in the crypto industry, covering everything from Layer 1s, Layer 2s, DeFi, DAOs, NFTs and P2E gaming. Follow him on Twitter @humanjets.By signing-up you agree to our
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