• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$27,783.00-0.89%
    BITCOIN
    24H : -0.89%
    Volume : $12,243,763,985.00
    Marketcap : $538,425,037,532.00
  • ethereumEthereum(ETH)$1,900.79-0.17%
    ETHEREUM
    24H : -0.17%
    Volume : $5,503,321,135.00
    Marketcap : $228,647,577,089.00
  • binancecoinBNB(BNB)$312.03-1.07%
    BNB
    24H : -1.07%
    Volume : $686,816,533.00
    Marketcap : $49,289,244,261.00
  • rippleXRP(XRP)$0.4993.82%
    XRP
    24H : 3.82%
    Volume : $1,404,721,370.00
    Marketcap : $25,934,948,217.00
  • cardanoCardano(ADA)$0.381-0.02%
    CARDANO
    24H : -0.02%
    Volume : $181,863,583.00
    Marketcap : $13,338,565,674.00
  • dogecoinDogecoin(DOGE)$0.073-1.07%
    DOGECOIN
    24H : -1.07%
    Volume : $235,416,061.00
    Marketcap : $10,129,003,104.00
  • matic-networkPolygon(MATIC)$0.906-2.69%
    POLYGON
    24H : -2.69%
    Volume : $230,701,113.00
    Marketcap : $8,399,442,573.00
  • solanaSolana(SOL)$20.76-0.03%
    SOLANA
    24H : -0.03%
    Volume : $287,789,203.00
    Marketcap : $8,229,353,207.00
  • polkadotPolkadot(DOT)$5.46-0.72%
    POLKADOT
    24H : -0.72%
    Volume : $86,518,660.00
    Marketcap : $6,756,207,233.00
  • okbOKB(OKB)$47.02-0.29%
    OKB
    24H : -0.29%
    Volume : $3,972,951.00
    Marketcap : $2,821,959,764.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

The long-awaited Vasil upgrade goes live on the Cardano network


September 23, 2022 · By Muhammad Awwal
Cardano (ADA)

Cardano’s most recent hard fork is the most important change to the blockchain since the addition of smart contract capability in September of last year.

The Cardano Vasil upgrade and hard fork have finally gone live as of Thursday at 9:44 pm UTC, bringing “significant performance and capability” improvements to the blockchain.

The “critical mass indicators” required to start the hard fork were reached in the 24 hours preceding the event, and the upgrade date was published by IOHK in early September.

It comes after months of delays and reschedules, with the launch day originally slated for June, it was twice delayed due to issues on the testnet caused by bugs in a prior node version creating compatibility issues.

This scaling enhancement will speed up the process of disseminating information about freshly formed blocks among network users by ensuring that blocks can spread over the network well within five seconds of being created.

After one epoch, which currently lasts about five days, the Plutus script upgrades’ new features will be accessible to developers on the mainnet on September 27. Decentralized apps can be launched and maintained at cheaper costs thanks to the improvements made to Plutus smart contracts for improved efficiency. 

After the Vasil upgrade, Cardano has continued its work on the Hydra head protocol, a layer-2 scaling solution that handles transactions outside of the Cardano blockchain while still utilising it as the security and settlement layer. 

Other enhancements post-Vasil will include “diffusion pipelining,” a technique for boosting Cardano’s performance and scaling potential by compressing part of the idle time by propagating blocks ahead of their full validation while still validating headers (although no hard fork is necessary for this). 

The price of Cardano’s token, ADA, increased by a modest 1% over the last 24 hours amid market downturn following the announcement of the successful launch according to data from CoinGecko.

Primary Sidebar

LATEST NEWS

From LOL to OMG: The Wild Rollercoaster Ride of Memecoins

May 28, 2023

Beijing Releases Web3 White Paper To Fuel Digital Economy Innovation

May 27, 2023

Gemini Twins Cast Crypto Charms on Ireland Amid U.S. Regulatory Rainclouds

May 27, 2023

Altman’s Worldcoin Lands $115M to Decentralize Identity: AI Meets Crypto in a Big Way

May 26, 2023

DeSantis Joins Presidential Race, Pledges to Defend Bitcoin Against Regulatory Onslaught

May 25, 2023

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • 10 Million Steps into the Future: Reddit NFT Avatars Explode in Popularity May 29, 2023
  • From LOL to OMG: The Wild Rollercoaster Ride of Memecoins May 28, 2023
  • Beijing Releases Web3 White Paper To Fuel Digital Economy Innovation May 27, 2023

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) USD Coin (USDC) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2023 · Today in Crypto · Terms & Privacy · Log in