Cardano’s technical manager Kevin Hammon said there could be “weeks” before the network launches the Vasil upgrade. Vasil is Cardano’s most complex upgrade to date, designed to improve the scalability of the network. It was originally scheduled to launch on June 29, but was delayed twice to allow for more testing time.
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Cardano’s core technical project manager, Javier Franco, has said that the team’s priority is to make sure things are “getting done right,” even if it takes more time to launch the Vasil hard fork.
Cardano delays Vasil hard fork again
After failing to launch last month, Cardano’s Vasil hard fork has been delayed again.
Kevin Hammon, technical manager at Cardano developer Input Output Global, Thursday’s interview The long-awaited upgrade to Vasil will be delayed to complete testing and ensure a “smooth run.” He added that it could be “a few weeks” before the update is ready to go live.
The Vasil hard fork is Cardano’s “most important update to date,” according to Javier Franco, Core Technology Program Manager at Input Output. “There are a lot of moving parts, a lot of dependencies,” he said, explaining that the team’s priority was to make sure “things were done right,” even if it took more time to initiate the upgrade.
The hard fork was scheduled to go live on June 29, but as the deadline looms, the in-out move The goal for the last week of July is to “set aside more time for testing.”
This upgrade is expected to significantly increase Cardano’s ability to scale. Input Output has previously stated that this is the most complex work Cardano has ever done. In addition to the technical complexity of the code itself, upgrades require significant coordination among ecosystem stakeholders to ensure a smooth transition.
Cardano is the eighth-largest cryptocurrency in the world with a market cap of around $17.5 billion. However, despite being one of the oldest and best-known Layer 1 smart contract networks in the crypto industry, it has failed to build a vibrant DeFi ecosystem like many of its direct competitors. According to Defi Llama, the total value locked is around $136.65 million. Ethereum, the largest smart contract network, holds nearly $57.44 billion, while Solana holds $2.69 billion.
Cardano’s native token, ADA, was largely unaffected by news of Vasil’s extension. It is currently trading at $0.52, up 5.7% on the day, according to CoinGecko.
Disclosure: At the time of writing, the author of this article owns ETH and several other cryptocurrencies.
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