Fun

Input-Output Global Devs Reveal Cardano’s Vasil Hard Fork Is Scheduled for September 22

News Feed - 2022-09-04 02:09:08

Input-Output Global Devs Reveal Cardano"s Vasil Hard Fork Is Scheduled for September 22


While The Merge is expected to take place in just over ten days’ time, Cardano’s hard fork called Vasil now has a scheduled date. The highly anticipated Cardano fork will take place on September 22, or roughly nine days after Ethereum transitions from proof-of-work (PoW) to proof-of-stake (PoS). Cardano Devs to Launch Vasil on Mainnet in 19 Days


Cardano’s development team disclosed a hardened date for the upcoming Cardano (ADA) hard fork called Vasil, following Input-Output Global (IOG) founder Charles Hoskinson explaining it would happen in September during a live stream on Twitter last week.


On Twitter, IOG’s official social media account told the public that the “Vasil upgrade date [was] confirmed.” The developers noted that the codebase merge will follow “successful completion [and] extensive testing of all core components.”


IOG further explained that the fork would be codified into the mainnet codebase on September 22. IOG continued by adding: Vasil is the most significant Cardano upgrade to date, bringing increased network capacity and lower-cost transactions. The upgrade will also bring enhancements to Plutus to enable devs to create more powerful and efficient blockchain-based applications. Cardano Founder Charles Hoskinson Says Vasil Is the ‘Hardest Update We’ve Ever Had to Do as an Ecosystem’


IOG founder Charles Hoskinson also discussed the Vasil hard fork date in a live stream on Twitter called “Vasil is Coming September 22nd, 2022.” The hard fork’s name Vasil comes from a Bulgarian Cardano community member and mathematician, Vasil Dabov, who recently passed away.


During the live stream, Hoskinson noted that it was amazing that the randomly chosen fork date falls on the independence day of Bulgaria. Four Cardano Improvement Proposals (CIPs) are being added to Cardano’s (ADA) codebase.


During the implementation, Vasil will dock CIP-31 (Reference Inputs), CIP-32 (Inline Datums), CIP-33 (Reference Scripts), and CIP-40 (Collateral Outputs). It has been said by IOG developers last May that CIP-31’s reference scripts will reduce ADA’s transaction costs.


At the time of writing following the announcement, cardano (ADA) has increased 2.3% against the USD in 24 hours. ADA has risen close to 10% during the past seven days, and presently ADA is the eighth largest crypto market capitalization with a $16 billion market cap. Tags in this story ada, Cardano, cardano (ADA), Cardano Hard Fork, Cardano Improvement Proposals, Charles Hoskinson, CIPs, crypto assets, ether, Ethereum, Ethereum (ETH), IOG, PoS, PoS blockchain, September 22, Smart Contracts, The Merge, Throughput, Transaction Costs, Vasil 9-22, Vasil hard fork


What do you think about IOG and Charles Hoskinson announcing the Vasil hard fork launch date? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today. FIFA to Launch NFT Platform for Soccer Fans NEWS | 5 mins ago Poloniex, Bittrex Want Kyle Roche"s Law Firm Removed From Class-Action Against the Exchanges NEWS | 4 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleCrypto Economy Loses $102 Billion in 30 Days — BTC, SOL Shed the Most Losses Next articlePoloniex, Bittrex Want Kyle Roche’s Law Firm Removed From Class-Action Against the Exchanges Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Iran to Increase Penalties for Unauthorized Cryptocurrency Mining

News Feed

Rwandan central bank proceeds with ambitious retail CBDC project
Derek Andersen2 hours agoRwandan central bank proceeds with ambitious retail CBDC projectThe African country is eyeing a tokenized retail CBDC with offline transfer capabilities as it heads toward a cashless economy.1050
Donald Trump doubles down on crypto support at fundraiser event: Report
Ciaran LyonsJun 08, 2024Donald Trump doubles down on crypto support at fundraiser event: ReportDonald Trump reportedly announced his goal to be the “crypto president” at the event, where he raised $12 million.22696 T
Best Crypto to Buy Now as Crypto Market Shifts Bullish. Could Altcoins Rally?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Over 80% of African Users on Mineplex Reportedly Interested in Buying Goods With Staked Crypto
Over 80% of African Users on Mineplex Reportedly Interested in Buying Goods With Staked Crypto A report says over 80% of African users on the Mineplex marketplace have shown an int
SEC Charges Australian ‘Man Behind the Machine’ in $41M Crypto Fraud Scheme
SEC Charges Australian "Man Behind the Machine" in $41M Crypto Fraud Scheme The U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself t
Bitcoin to Trigger the Largest Wealth Transfer in History – Get Free $BTC with BTC Bull Token
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Derek Andersen3 hours agoBIS gives CBDCs a thumbs up, crypto the middle finger in reports to G20 ministersG20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlement
Biggest Movers: GRT Hits Highest Point in 9 Months, LTC Snaps Losing Streak
Biggest Movers: GRT Hits Highest Point in 9 Months, LTC Snaps Losing Streak The graph token surged by over 35% so far on Tuesday, as markets continued to be buoyed by the growth of
Huobi Global Acquires Latin American Crypto Exchange Bitex
Huobi Global Acquires Latin American Crypto Exchange Bitex The digital currency exchange Huobi Global has revealed it has acquired Bitex, a Latin American crypto platform that oper
Ana Paula Pereira2 hours agoCoinbase domain name reportedly used by scammers in high-profile attacksTwitter users have been sharing security incidents surrounding the crypto exchange, including claims that scammers are u
Bitcoin NFTs surpass Ronin in all-time sales
Ezra Reguerra18 minutes agoBitcoin NFTs surpass Ronin in all-time salesBitcoin-based NFTs recorded a sales volume of $148 million in the last 30 days, according to CryptoSlam.103 Total views5 Total sharesListen to articl
Rich Dad Poor Dad’s Robert Kiyosaki Says He’s Waiting for Bitcoin to Test $1,100 to Buy More
Rich Dad Poor Dad"s Robert Kiyosaki Says He"s Waiting for Bitcoin to Test $1,100 to Buy More The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he&