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Cardano’s Vasil Hard Fork Ready to Launch on Testnet Today

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Cardano’s Vasil Hard Fork Ready to Launch on Testnet Today
  • Cardano’s Vasil testnet is set to launch on July 3, 2022.
  • The Vasil mainnet is preparing to launch by the end of July 2022.
  • Over 1,022 projects are using Cardano, suggests IOHK.

The Vasil hard fork (epoch 215) upgrade launches on the Cardano testnet on June 3 at 20:20 UTC, according to Cardano’s IOHK social media post. This launch will be followed by the Vasil Mainnet launch, which is expected by the end of July 2022.

During the last week of June, IOHK submitted a revised proposal to a hard fork, the Cardano testnet, and started the countdown for the Vasil mainnet upgrade thereafter. Exchanges and Stake Pool Operators (SPO) would require at least four weeks of testing after the testnet deployment, due to this the likely date of Vasil mainnet hard fork launch is in the last week of July.

The Vasil upgrade is significant for Cardano as it might allow the launch of dApps and stablecoin, anticipates the Cardano community-focused Twitter account, ADA whale, which has welcomed the Vasil HFC on a positive note.

In a post, ADA whale opined that “it (Vasil HFC) finalizes and polishes up smart contracts capabilities allowing launch of synthetics, stable coins, pooled lending etc.” They also believe that this will bring Cardano over the finish line.

At present, many dApps await Vasil HFC before deploying to the mainnet. The Cardano-based ErgoDEX recently launched on testnet, and also announced that it was “waiting for the release of Vasil HFC before migrating to mainnet.”

Similarly, Djed stablecoin also reported in a blog post that “we are also waiting for Cardano’s Vasil hard fork to take place, the Vasil hard fork will allow for the scalability that is required to safely run Djed on the mainnet.”

Besides, Cardano stands as the most actively developing cryptocurrency of last week with the most Github commits, which is over 399. Cardano is ranked over projects like Kusama and Polkadot who made 257 commits each, followed closely by Status, Cosmos, and Ethereum.  Moreover, a report shared by IOHK indicates that over 1,022 projects are using Cardano.

Source – coinquora.com

 

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