- Vasil upgrade is part of the “Basho” phase of the Cardano roadmap.
- Vasil will update Cardano’s core smart contract programming language Plutus.
The blockchain platform Cardano’s most awaited Vasil upgrade has been completed on the testnet. Vasil’s hard fork will enable faster block generation and increased scalability for Cardano’s decentralized applications (dapps) once implemented on the mainnet.
Vasil’s upgrade will also lead to significant advancements in scalability, enabling the network to be optimized as it expands.
We’re happy to report that today at 20:20 UTC the IOG team has successfully hard forked the #Cardano Testnet. This is an important next step in the journey towards the Vasil upgrade on mainnet. 🧵— Input Output (@InputOutputHK) July 3, 2022
Anticipate Upgrade for Cardano
Vasil upgrade is now part of the “Basho” phase (fourth development phase) of the Cardano roadmap which is currently being implemented on the Cardano. The phase will focus on improving and scaling Cardano to better support DeFi applications and help to increase network capacity, better apps, enhanced accessibility, and quicker transactions.
Additionally, Vasil will update Plutus, Cardano’s core smart contract programming language, which will enable developers to build stronger, more effective blockchain-based apps (dApps). These developments help minimize cost, and script optimization and provide new cryptographic and other primitives.
throughout this process, the teams at Cardano Foundation and IOG will collaborate with exchanges and DApp/tool developers. In the previous phase, Goguen helped to develop a multitude of dapp exchanges and DeFi protocols.
According to CMC, Cardano native token ADA traded at $0.448278 with a trading volume of $434,480,357. Cardano is only up 0.17% in the last 24 hours with a market cap of $15,130,516,894.
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