#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

Before the launch was triggered, testing was successfully conducted to confirm the readiness of the upgrade. Also, top exchanges such as Binance made good progress on their updates.

Prior to the announcement, IOG said, “we are confident we will be able to proceed with triggering the hard fork at the appropriate time,” the release said. Community members have also shown their eagerness for the activation of the most complex and ambitious update program for Cardano to date. 

Read Also: US Congressional Candidate Endorses Cardano (ADA) as an Efficient Blockchain Technology

What Vasil Hardfork Brings to the Cardano Blockchain

While the Alonzo upgrade introduced several new possibilities for decentralized applications (DApps), decentralized exchanges (DEXs), and decentralized finance (Defi) solutions development on the Cardano blockchain, the Vasil upgrade comes is to scale and optimize the ledger to facilitate efficient development for a range of new applications on the smart contract platform. 

According to an update from the Input Output Global team, the Vasil upgrade “will bring significant improvements using Cardano’s hard fork combinator (HFC) approach and enhance the network’s performance by increasing throughput, script efficiency, and reducing latency in block transmission.”

In the recent update, IOG also said, “Vasil will bring a number of benefits to Cardano including more efficient, more powerful smart contracts via new Plutus V2 improvements.”

Related: Binance.US Confirms Support For Cardano Vasil Hardfork

“Full Vasil capability will become available on the 27th of September, along with the activation of the Plutus V2 cost model, delivering lower transaction costs for smart contracts,” the team added.

It is worth noting that the upgrade is named after the late Vasil St Dabov, a Bulgarian mathematician and a top member of the Cardano community. Preceding upgrades on the Cardano blockchain include Shelley, Allegra, Mary, and Alonzo. Charles Hoskinson, the Cardano founder and CEO of IOG recently noted that Cardano is changing the world and its best days are ahead of us.

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In a recent Youtube video live-streamed on August 15th, Charles Hoskinson noted that Vasil is looking good, citing the approval of node 1.35.3, which would be the final version before the upgrade is executed.

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“1.35.3 is out, and that’s probably going to be the node unless something is discovered that the hard fork combinator event is pushed for. So it’s being rapidly adopted and tested and played around with by the community,” Hoskinson said.

“I know you don’t think there’s any Dapps on Cardano, but there’s actually a lot of code that’s been deployed and, because of that, you had to make sure everything was compatible and things were working properly,” he added. 

Considering that no negative issue was found with the recently introduced node 1.35.3, Hoskinson added that testers are excited about the step forward. As also revealed in the Youtube video by the Cardano founder, several upgrades have been rolled out in relation to Plutos and apps deployed as well.

The complex Vasil upgrade which was earlier scheduled for July ending was stalled to give all parties, such as crypto exchanges, Stake Pool Operators (SPOs), and Application Programming Interface (API) developers, enough time to get ready for the major Cardano network update.

Read Also: Top Investor: It’s Wrong Not to Hold Ethereum (ETH), XRP, and Cardano (ADA) in Your Portfolio

Kevin Hammond, the technical manager of Input Output Global (IOG) who made the announcement, stated that the team behind Cardano Vasil’s hardfork is ensuring that the network upgrade is smooth and successful. 

The Cardano (ADA) founder later showed his disappointment in the team’s inability to roll out the hardfork as earlier planned. In addressing the Cardano community, he stated that the causes of the Vasil upgrade delay are considerably small.

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In this article, we will be highlighting some of these recent developments and updates on the Cardano network. 

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Cardano Developments: Key Highlights

Regarding smart contracts, the Marlowe team and Plutus team have made new introductions to improve the Cardano network. 

Per a report, the Marlowe team developed the marlowe-runtime project last week. The newly created project in marlowe-cardano was used to test Marlowe CLI against the Cardano Node 1.35 upgrade for the Babbage development stage. 

Whereas, in the previous week, the Plutus team focused on fixing bugs in the Plutus-contract emulator. Also, the Plutus Tools team updated the official Cardano node to version 1.35.1. 

While the Plutus team refined the conformance and mainnet regression tests, the Marlowe team has added extra property-based testing of Marlowe semantics. Additionally, the Marlowe team has fixed static analysis to consider ‘Close’ contracts unreachable. 

On Scaling, the Hydra team successfully switched the code base to Babbage and also created the quick check dynamic repository to enhance contributions on Hydra. 

Core Technology and Governance

In the past week, Cardano developers created a few tags including v.13.0.1 DB Sync tag and the 1.35.1 node tag. Meanwhile, the networking team continued working on TCP simulations and typed-protocols reviews. 

To note, this updated version of the Cardano-node incorporating the typed-protocol design is functioning and operating competently. Particularly, this node tag was developed to solve a ledger issue. 

As revealed in the report, “the node, ledger, and consensus teams are now in the process of updating dependencies and working closely with SPOs and the community on testnet issue resolution. GraphQL, Rosetta, and Cardano Testnet Explorer will be upgraded following the new node and DB Sync tags.” 

It is worth noting that the Project Catalyst ecosystem has entered one of the most important times during fund cycles; its second Quality Assurance (QA) stage. 

Interestingly, Fund9 now has eight reviews per proposal resulting in a total of more than 19,000 reviews. Meanwhile, voter registration to participate in Fund9 is open and will remain so until the wallet snapshot on August 4th, the team said. 

Read Also: The First-Ever Annual State of the Cardano Developer Ecosystem Survey Goes Live: Details

Daedalus and Lace Wallets

Recall that in February, the IOG announced the release of Daedalus 4.8.0 Mainnet. This new version of Cardano Daedalus Wallet came with interesting features and improvements. 

In the same vein, the Input Output Global team is currently working on another Cardano-based wallet called Lace. This wallet is projected to be launched this summer. 

In the just-concluded week, the Daedalus team rolled out additional elements to improve the wallet services. Precisely,  a warning icon that appears if non-recommended decimal settings are applied has been added to the Daedalus wallet. More so, the team has improved how anonymous analytic data is collected on the application. 

Importantly, the new Cardano Node 1.35.1 has been successfully integrated into Daedalus-Testnet and is set to be released. Accordingly, the Lace Wallet team is working to ensure that its backend can collect data from the UI components. 

See Also: Is Cardano-Solana Collaboration Feasible? Charles Hoskinson Speaks On Possibility

Vasil Upgrade Nears

Vasil upgrade, one of the biggest introductions on the Cardano network is around the corner.

With the Vasil hard fork on Cardano Testnet done and dusted in early June. Up next is the implementation of the Vasil upgrade on the Cardano mainnet. While anticipating this, some elements of fear, uncertainty, and disorder were raised by some Twitter users, claiming that Cardano’s smart contracts are not compatible with the Vasil hard fork. 

However, a Cardano top executive cleared the air and rebutted the widespread FUD about the upcoming Vasil Upgrade.

In further preparation for this hard fork combinator event, the Adrestia team has successfully updated Adrestia components. Adrestia then becomes the first Vasil-compatible version of Cardano-wallet to be released.

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