Cardano Announces its Success on Vasil Upgrade and Hard Fork
On Thursday, at 9:44 pm UTC, Cardano Vasil went live, adding “substantial performance and capability” enhancements to the blockchain after several months of delays.
Blockchain company Input Output Hong Kong (IOHK) announced the success of the Cardano mainnet hard fork on Thursday, while others followed along in a live Twitter Space with Cardano co-founder Charles Hoskinson.
“#Vasil mainnet HFC event successful!🍾. We’re happy to announce that today, at 21:44:00 UTC, the IOG team, in collaboration with the @CardanoStiftun, successfully hard forked the Cardano mainnet via a HFC event, thus deploying new #Vasil features to the chain,” Tweeted IOHK.
#Vasil mainnet HFC event successful!🍾
We’re happy to announce that today, at 21:44:00 UTC, the IOG team, in collaboration with the @CardanoStiftung, successfully hard forked the Cardano mainnet via a HFC event, thus deploying new #Vasil features to the chain.
🧶1/5— Input Output (@InputOutputHK) September 22, 2022
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The Fork Allow For Faster Block Creation
Block transmission without full validation is one of the significant improvements brought by the fork, allowing faster block creation, according to IOHK before the fork.
Decentralized applications can be deployed and run at a lower cost thanks to improvements to Plutus smart contracts.
After one epoch, which lasts around five days, developers on the mainnet will be able to access new features brought by the Plutus script upgrades on Sept. 27.
Abra Founder Called The Upgrade a Big Win for Developers
Abra founder Bill Barhydt described the upgrade as “a big win for developers” with DeFi platform Genius Yield, tweeting that it was “one of the most complex and consequential updates to the Cardano network ever done.”
“Congrats to Cardano ($ADA) team on Vasil hardfork. More hard work in crypto paying off. Making UTXO’s and inputs accessible to scripts/Plutus without spending them is a big win for developers. Well done! Congrats @IOHK_Charles @CardanoStiftung and teams!.”
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IOHK announced the upgrade date in early September, and the “critical mass indicators” required to trigger the hard fork were achieved in the 24 hours leading up to the event.
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