Cardano hard fork

Cardano Begins Transition to Vasil Hard Fork

23.09.2022 08:51
by Maksym Prykhodko
1 min read

After several delays, Cardano’s Vasil hard fork is now just around the corner. The final transition process is already underway and will be fully completed on September 27.

According to Cardano’s representative, Vasil is the most substantial update this proof-of-stake blockchain has experienced since its launch in 2017. Thanks to the new scripting language that Cardano uses, Plutus, a larger number of smart contracts will be able to fit into each block. This will lead to Vasil’s biggest benefit – reduced transaction fees.

In addition, thanks to Cardano’s hard fork combinator tech, the Vasil upgrade will not incur any data loss following the transition.

Developers whose projects are running on Cardano are already celebrating. For instance, Indigo, a synthetic assets service, published a blog post praising the reduced costs its users can now enjoy.

Author

  • Maksym has denied the existence of crypto as an asset for 3 years when he was working with standard financial instruments. Became Head of Treasury. Won the best bank employee award and left the bank for cryptocurrency exchange the next day. Got a second university degree, but that didn’t stop him from studying finance yet. Combines fiat and crypto experience to be as objective as possible in general matters. His dream is to be interviewed by Bloomberg.

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