Tuesday, February 27, 2024
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Here’s why Cardano Vasil Hard Fork Will Be Delayed for More Weeks

As the team behind Cardano Vasil hard fork is being careful to implement a smooth network upgrade, the much-anticipated development has again been delayed for more weeks.

In a YouTube update released a couple of hours ago, Input Output Global (IOG), the software firm behind the development of Cardano (ADA) represented by its technical manager Kevin Hammond, stated that the much-anticipated upgrade has to be postponed.

According to the report, the postponement is needed to give all parties, such as exchanges and API developers, enough time to get ready for the notable change.

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Kevin Hammond noted:

“Obviously, from where we are, there could be a few more weeks before we go to the actual Vasil hard fork… This is incredibly important. All the users must be ready to progress through the hard fork to ensure a smooth process.”

Read Also: First Blockchain-Supported Clothing Line Goes Live On Cardano: Details

Hammond also stressed that there are some issues that need to be resolved in the testnet and the team of developers at IOG is currently focusing on them. He added that the team is going ahead with the release of Cardano node version 1.35.2 to fix issues related to stake pool operators, decentralized finance (DeFi), and others.

He said:

“The goal is that it will flush out any final issues as we go to the Vasil hard fork. What we’re doing is fixing on testing authority, getting it right and not rushing.”

The upcoming upgrade is regarded as the most significant upgrade since Cardano’s Alonzo hard fork was implemented in September 2021. Vasil hard fork is targeted at boosting the network performance in terms of speed and scalability. This is also expected to enhance the network for smart contracts and decentralized applications.

Read Also: Cardano (ADA) Reaches New Height of Network Uptime: 1760 Days without an Outage


Cardano (ADA) in the Market

The unfavorable news seems to have little or no effect on the trend of Cardano (ADA) price in the market.

At the time of filing this report, Cardano (ADA) has surged 3.42% over the last 24 hours, trading at $0.5181, according to CoinMarketCap.

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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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