Cardano’s (ADA) Vasil hard fork has been delayed as the teams behind the upgrade prioritize a smooth network transition.
Hard Fork delayed by a few weeks
After failing to go live last month, the Cardano Vasil hard fork has slowed again as the teams behind the development of the Cardano blockchain aim for a smooth network upgrade.
Input Output Global (IOG) is the organization responsible for Cardano’s research and development. They have a Thursday YouTube video released on the upcoming Vasil hard fork.
IOG technical manager Kevin Hammond announced that the Vasil hard fork will be delayed one more time. The goal is to make sure that all parties are “all ready.” Including exchanges and API developers. hammond said:
Obviously, looking at where we are now, it could be a few more weeks before we get to the full Vasil hard fork. This is incredibly important. All users must be ready for the hard fork to ensure a smooth process.
Wash away latest problems
Hammond pointed out that IOG has focused on fixing some testnet issues. Progress is being made with the Cardano node version 1.35.2. The new node version addresses issues related to stake pool operators, decentralized application (DApp) developers, internal testing, and other issues identified on the testnet.
The goal is for it to wash away any last-minute issues as we head to Vasil’s hard fork. What we want is to record everything on the testing authority, and then do it right and not rush anything.
Amid the expected update, the ADA price has seen significant volatility. Cardano experienced an increase of more than 4.5% in the last 24 hours. The coin is now trading at $0.537. The cryptocurrency is up 21% over the past 14 days.
game changer
The Vasil hard fork is the biggest upgrade for Cardano since the Alonzo hard fork, which was completed in September 2021. The upcoming fork is seen as a game changer in Cardano’s development. The network is expected to improve in terms of speed and scalability. This makes it more suitable for smart contracts and DApps.
Input Output released the roadmap for the Vasil hard fork in May 2022. Originally, the plan was to run the hard fork on the mainnet on June 29. The hard fork was eventually delayed until the last week of July due to several “serious” bugs.
Vasil’s delay comes as the cryptocurrency community anticipates another major event for one of the largest cryptocurrencies by market cap. Ethereum, the second largest blockchain by value, is poised for a transition to a proof-of-stake (PoS) network. This is scheduled for September 19. As previously reported, the transition was delayed several times. The full upgrade is expected to go live in 2023.
