Friday, December 9, 2022
HomeBlockchainCardano’s Charles Hoskinson Confirms Vasil Upgrade Launch Date

Cardano’s Charles Hoskinson Confirms Vasil Upgrade Launch Date

Charles Hoskinson, the CEO of Input Out Global (IOG), has confirmed the actual date of the much-awaited Vasil hardfork.

In a brief video update on the 2nd of September, Hoskinson revealed that the Vasil hardfork combinator event will play out on the 22nd of September 2022. This new update is coming after a number of postponements in the last three months.

In corroboration with Cardano (ADA) founder, IOG also confirmed the date in a series of tweet today.

“VASIL UPGRADE: DATE CONFIRMED. Following the successful completion & extensive testing of all core components, plus confirmed community readiness, we along with @cardanostiftung can today announce 22nd September for the Vasil upgrade on the Cardano mainnet.”

IOG continued:

“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.

“We’ve been tracking well against all three metrics we & Cardano Foundationset for launch: 75% mainnet blocks being created by the final Vasil node candidate (1.35.3). Approx. 25 exchanges upgraded (c. 80% of ada liquidity). Top 10 DApps by TVL confirming readiness

“This is a significant undertaking for the whole technical Cardano community. So in the past 24 hours, we’ve polled members of the SPO and Dapp communities and they have given us full confidence they will be #ReadyForVasil on the 22nd.

“The majority of leading exchanges have now started their update process. Based on current trajectory & previous experience, Cardano Foundation has every confidence in them completing their updates & meeting the 80% liquidity metric set.

“Thanks to Cardano’s unique hard fork combinator, we anticipate a seamless technical transition, with no disruption for its users or a break in block production. Users need take no action.

“The Vasil upgrade is a testament not just to the hard work of the core development team, but to the many technical contributions of the wider Cardano Community. Many of the Vasil improvements stem from community-driven Cardano Improvement Proposals (CIPs).

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“As some of you may already know this upgrade is named in honor of @VStDabov, a Cardano ambassador & community member who passed away, leaving a remarkable legacy with over 10,000 trees planted in his lifetime.

“Thanks to all members of the Cardano technical community who continue to share this journey. We’ll keep you posted with ongoing updates via our social channels, but in the meantime, follow exchange readiness on this dedicated Vasil page.”


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Solomon Odunayo
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.
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