There are doubts as to when the upgrade will actually occur because there have already been two postponements of Cardano’s journey towards the Vasil hard fork.
Charles Hoskinsom, the creator of Cardano, has once more clarified the situation and stated that the Cardano blockchain network is prepared for the Vasil upgrade, which was postponed because of a fault in the node version 1.35.2.
The developers of Cardano, IOHK, and Charles Hoskinson have been informing the community of issues and expected delivery dates. The founder said that the Vasil hard fork would probably take place in September in a brand-new video that was posted to his YouTube channel.
The hard fork was halfway complete last month with more than 40% of SPOs having been updated to the 1.35.3 node. The end goal to trigger a complete Vasil upgrade is at the 75% threshold.
Charles Hoskinson gave an estimated completion date for the Vasil hard fork in the video saying that he anticipates the upgrade to take place at some point in September given that no serious defects have been discovered in the most recent update. The discovery of one more serious bug would be the only thing that could derail the plans.
“The next major lift is to get the exchanges on board,” Hoskinson said. “Binance is reporting that they’re currently upgrading. By volume, I think that they’re about 30-40% of the Cardano trade volume. And other than that, Kraken and Coinbase and so forth tend to follow along.”
The Vasil hard fork marks Cardano’s biggest advancement since the Alonzo hard fork was implemented in September 2021. It is both Cardano’s biggest and best upgrade to date and their most difficult project to date, according to IOHK.
The upcoming fork is positioned as a “game changer” because it is projected to improve the network’s speed, throughput, and scalability, making it better suited for smart contracts and DApps.