75% of Cardano Nodes Are Upgraded. Remains Two More Indicators before Vasil

According to an update recently released, the implementation of Vasil hardfork has seen notable progress, which implies that the much-awaited upgrade could happen in September as estimated recently by Charles Hoskinson, the creator of Cardano (ADA).

In a series of tweets today, Input Output Global (IOG), the firm behind the development of Cardano (ADA), announced that 75% of Cardano nodes have upgraded to the latest version v1.35.3.

According to the report, IOG and Cardano Foundation are observing two other vital indicators before the Vasil upgrade can be ready for implementation.

Before the upgrade can be triggered, at least 25 exchanges have to upgrade their node, and the 10 largest decentralized applications (DApps) by total value locked (TVL) must confirm that they have upgraded to v1.35.3 on PreProduction and are ready for mainnet.

Crypto Exchanges and DApps Are Making Progress

It’s also stressed in the update that top crypto exchanges have started to take necessary steps in preparation for the much-anticipated upgrade.

IOG noted:

“Exchanges are now also hard at work testing. Kudos to the following exchanges who have thus far confirmed readiness to the @CardanoStiftung team.

“Exchanges including: Binance, Kucoin, Kraken, Crypto.com, Gate.io, HitBTC and many others have also communicated they have started the integration and testing process. The Cardano Foundation exchange team continues to support.”

IOG further stated that many of the leading decentralized applications are also making progress significantly. The firm also shared a link for users to track the progress of the three metrics, which are regularly updated as new information is received.

“Once achieved, in collaboration with the @Cardano Foundation team, the upgrade process will be triggered for the Cardano mainnet,” IOG added

Buttering the necessity of proper testing before launch, the firm wrote, “Remember, this is software development and proper testing across the ecosystem is vital to ensure the upgrade is delivered safely and securely. Thanks and stay close to our Twitter for updates throughout this week for the latest.”

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Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.