Cardano’s Vasil hard fork should be coming soon. Here’s the latest on this big update to the Cardano Network.
*Check back for updates on this continuing story.
- The State Of Cardano
- What Is The Cardano Vasil Hard Fork?
- Rumors Of Delay
- Update 1: Cardano Vasil Hard Fork Delay Announced (06/21/22)
- Update 2: Charles Hoskinson Responds To Vasil Delay
The State Of Cardano
Cardano underwent the Goegen smart contract fork back in September of 2021. It was by far its biggest fork so far because it brought smart contract functionality to what’s intended to be a smart contract protocol.
Since then, Cardano has grown by leaps and bounds. There are DEXs. There are NFTs. There is hope. It wasn’t easy. though. The rollout saw some big issues pop up — and made concurrency a must add to the vocabulary — but many of the issues have been smoothed out. Cardano, for once, has satisfied users.
That said, it’s not over yet for Cardano development-wise. I mean, what would Cardano be if it wasn’t always a month away from being a month away?
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What Is The Cardano Vasil Hard Fork?
Cardano’s upcoming Vasil Hard Fork is tentatively scheduled for the end of June — more on that in a sec. Named after Vasil Dabov, a Bulgarian mathematician/Cardano ambassador who recently passed, the fork will upgrade network capacity and its scripting language Plutus.
Essentially, it will address the limitations of Goguen. Yes, transaction times have gotten faster, but there are still limitations on how many smart contract-based transactions the network can handle. Thankfully, Vasil will improve on that. Meaning, that as the network continues to grow, growth won’t be stunted.
Another issue stemming from Goguen was the Plutus language. Developers were having trouble switching over to it from other programming languages like Solidity (Ethereum’s scripting language). One of the improvements will let developers look at the result of an output without having to spend it. This will greatly increase throughput and increase concurrency — much to the horror of Cardano’s haters.
All in all, it’s fair to say that this update is geared towards easing the Cardano experience for users and developers alike.
* For more on the update, click here.
Rumors Of Delay
Update: Cardano has since announced that the Vasil hard fork will be delayed until late July.
Stop me if you’ve heard this one: A Cardano fork may get delayed. Of course, the same joke could be made about Ethereum, which is scheduled to release Ethereum 2.0 sometime 2140. Nevertheless, it’s looking likely that Vasil may experience a delay.
“As per mid month, we’re very close now but ultimately need to assess readiness of Dapps, exchanges, SPOs etc. We’ll have an update for everyone Monday,” said Tim Harrison VP of Community and Ecosystem at Input/Output. Harrison said this on the 18th, and it’s Monday now, but still no announcement has been made. It’s expected the launch could be moved till August.
Speculation abounds over whether major issues have arisen during the testnet. Not to mention, there has been a delay in Stakepool Operators (SPOs) in switching over to the upgrade. Another issue is the continued crypto liquidity crisis. Obviously, ADA platforms are not unscathed by this. It could be a big ask for a successful switchover during a busy time for these DeFi protocols.
One Twitter, user who goes by Eenmakkie, had a particularly realistic-sounding announcement that makes you think he got a copy of the Early Edition.
1) Due to the market liquidity issues: exchanges & lending platforms have many withdrawal requests that consume all their staff times. Asking more staff resources to synchronise to a hard fork these difficult days was adding extra pressure on their staff.
— Eenmakkie 🐳 (@eenmakkie) June 20, 2022
Update: Cardano announced that the Vasil hard fork will be delayed until late July.
Cardano Vasil Hard Fork Delay Announced
The corporate entity behind Cardano, Input Output Hong Kong (IOHK) announced late yesterday that it is delaying the Vasil Hard Fork until late July. “Progress continues positively with only minor bugs remaining. Today, however, we have agreed to ensure the core dev team and #Cardano ecosystem collaborators have more time for testing before commencing the mainnet countdown,” they said via Twitter.
The delay is due to the core team finding 7 bugs. However, IOHK noted in their blog that none of them are rated as “severe” and that “The IOG engineering team is extremely close to finalizing the core work.”
The Testnet for Vasil is now scheduled to be released at the end of June which will give exchanges and stakepool operators four weeks to implement the upgrade.
“We recognize that this news will be disappointing to some. However, we are taking an abundance of caution to ensure that we do this deployment correctly,” IOHK added.
Charles Hoskinson Responds To Vasil Delay
Vasil Upgrade – The State of Play https://t.co/n5SXsPlSjS
— Charles Hoskinson (@IOHK_Charles) June 20, 2022
Taking to YouTube as he often does, IOHK CEO Charles Hoskinson gave an update on Vasil. The Cardano founder shined a light on exactly how close Vasil is to completion.
Hoskinson echoed IOHK by also noting that the delay is due to an abundance of caution. He also echoed the disappointment of the community saying, “It’s a little disappointing at times that things sometimes take a little more time.”
However, he pointed out that although Alonzo was released on time, the ecosystem has grown by leaps and bounds since. Any new upgrade has to take into account the many exchange, developers, and stakepool operators that comprise Cardano.
Hoskinson also pointed to the fact that one aspect of the Vasil Hard Fork is going on as planned.
“What’s more meaningful to the community is making sure the Testnet runs Vasil, so that people who are building Dapps on Cardano can deploy those Dapps. You’ll notice something, that it’s still on schedule for a June hard fork. So we don’t anticipate that this July date is going to in any way impact the actual rollout of all the Dapps that have been waiting for Vasil because now they have a testing environment to do that.”
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