Cardano’s Vasil Hard Fork Goes Live; What’s Next?

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Alex Dovb­nya

Car­dano’s much-antic­i­pat­ed Vasil hard fork has final­ly gone live, which result­ed in rel­a­tive­ly mod­est price uptick for ADA token

Car­dano’s much-hyped Vasil hard fork has final­ly gone live after months of delays.

Input Out­put and Car­dano Foun­da­tion suc­cess­ful­ly forked the main­net via a hard fork com­bi­na­tor (HFC) event at 9:44 p.m. UTC.

While the new upgrade brings sig­nif­i­cant improve­ments to the proof-of-stake blockchain, it is worth not­ing that not all of them will be acti­vat­ed at once. As explained by Input Out­put CEO Charles Hoskin­son, some of the fea­tures that come with the hard fork will be acti­vat­ed on Sept. 27, which will be the start of a new epoch.

The upgrade was orig­i­nal­ly sup­posed to go live in June, but the devel­op­ers had to post­pone it due to tech­ni­cal difficulties.

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The suc­cess­ful imple­men­ta­tion of the Vasil hard fork has pushed the price of the native ADA token slight­ly high­er. The cryp­tocur­ren­cy is up rough­ly 5.2% over the past 24 hours, accord­ing to Coin­Mar­ket­Cap. The cryp­tocur­ren­cy, how­ev­er, is still down 84.89% from its record peak that was achieved on the verge of the Alon­zo hard fork last September.

Car­dano’s most ambi­tious upgrade to date comes short­ly after rival blockchain Ethereum final­ly switched to proof-of-stake, sig­nif­i­cant­ly reduc­ing its CO2 footprint.

The upgrade makes smart con­tracts more effi­cient and cost-effec­tive because of Plu­tus 2.0, a new ver­sion of the blockchain’s script­ing lan­guage. Accord­ing to Hoskin­son, plen­ty of new projects are now “excit­ed” to deploy their smart con­tracts fol­low­ing the Vasil upgrade.

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