Cardano’s Vasil Hard Fork Announced for September

29.08.2022 08:56
by Nina Petrov
1 min read

According to Charles Hoskinson, founder of the Cardano blockchain, its Vasil hard fork is set to finally launch sometime in September.

Cardano is a proof-of-stake network with support for NFTs and smart contracts. According to CoinMarketCap, its token ADA is the eighth biggest coin by market capitalization.

After the hard fork – a major software upgrade – is integrated, this will lead to reduced transaction fees and increased throughput on the network. Currently, Cardano devs are working on fixing a number of bugs. In addition, they’re waiting for at least three crypto exchanges to upgrade their systems in order to accommodate Vasil.

Despite the reliance on crypto exchanges, there’s no doubt that the much-delayed hard fork is now just around the corner.

Author

  • Nina Petrov is a theoretical mathematician, passionate about new trends in the global economy and blockchain technology. She is a devoted content creator and editor, crypto-enthusiast and stock market analyst.

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