August 17, 2022

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Cardano Vasil upgrade successfully launched on testnet

Cardano Vasil upgrade successfully launched on testnet

Vasil’s long-awaited hard fork on Cardano testnet has been completed, bringing it one step closer to becoming a reality on the mainnet and promising performance upgrades.

Project developers, SPOs and exchanges are now encouraged to publish their work on the testnet to ensure that integrations run smoothly when the mainnet gets Vasil’s processing in about four weeks.

Once completed on the mainnet, Vasil’s hard fork will allow for faster block generation and greater scalability for Decentralized Applications (DApps) It works on Cardano. Input Output HK (IOHK), the organization that produced Cardano, said in a tweet on Sunday that in addition to performance upgrades, developers will benefit Much improved script performance and efficiency and lower costs.

Vasil will also enable interoperability between Cardano side chains, one of the major feature developers intend For launch in the current Basho stage of blockchain development. Basho is the fourth phase of Cardano’s development that is focused on expansion and will be followed by the Voltaire phase, where governance will be the main focus.

IOHK also noted that there will be no proposal to split the mainnet until “ecosystem partners are comfortable and ready,” but that it is expected to come in about four weeks.

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The previous phase, Goguen, saw the launch of smart contract capabilities on Cardano, which Decentralized Finance (DeFi) Developers have benefited by launching dozens of Decentralized Exchanges (DEX) and DeFi protocols, according to To track the Cardano Cube ecosystem.

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The best DApp from Cardano with a total unlocked value of $49.7 million (TVL) is currently DEX WingRiders, according to To the DeFi Data Translator DefiLlama.

The testnet hard fork didn’t do much to move Cardano (ADA) rising just 0.1% in the past 24 hours to $0.45, according to to CoinGecko.