A highly regarded Vasil hard fork has been completed on the Cardano testnet, bringing it much closer to its mainnet content and significant performance improvements are promised.
Project Developers, Promised Pool Operators (SPOs), and Exchanges are now encouraged to deploy their work to the testnet to ensure smooth integration when the mainnet receives Vasil treatment in about four weeks.
We are pleased to report that the IOG team has taken a hard time today at 20:20 UTC #Cardano Testnet. This is the next important step of the journey towards Vasil’s upgrade of mainnet.
1/10 pic.twitter.com/9F9vzec0pK
– Input Output (@InputOutputHK) July 3, 2022
We are pleased to announce that the IOG team has successfully created a hard fork on the #Cardano Testnet today at 20:20 UTC. This is the next important step of the journey to upgrade Vasil on the mainnet. 1/10 pic.twitter.com/9F9vzec0pK
– Input Output (@InputOutputHK) July 3, 2022
When completed on the mainnet, Vasil’s hard fork will generate faster blocks and increase the scalability of decentralized applications (DApps) running on Cardano. Input Output HK (IOHK), the organization that produced Cardano, said in a tweet on Sunday, along with performance improvements, developers would benefit “Significant improvement in script performance and efficiency” and cost reduction.
Vasil will also enable interoperability between Cardano sidechains, one of the key features the developers plan to launch in the current Basho phase of blockchain development. Basho is the fourth phase of development of Cardano, which focuses on scaling and will be followed by the Voltaire phase, in which governance will be the focal point.
Vasil’s upgrade is now live on testnet, coming to mainnet in a few weeks. Expect Cardano DeFi to join the Rapids from now on
– ADA whale (@cardano_whale) July 3, 2022
The Vasil update is now live on testnet and will be available on the mainnet in a few weeks. Expect to launch Cardano DeFi space soon.- ADA whale (@cardano_whale) July 3, 2022
IOHK also noted that no hard fork of the mainnet would be planned until “ecosystem partners are comfortable and ready”, but that should happen in about four weeks.
In the previous phase, Goguen launched a smart contract capabilities for Cardano, which leveraged decentralized finance (DeFi) developers by launching the many decentralized exchanges (DEXs) and DeFi protocols, according to Cardano Cube ecosystem tracking.
Read also: Ethereum’s fork is a success and the testlia Seplia is preparing to test the merger
The best DApp at Cardano, with $ 49.7 million in total locked value (TVL), is currently the WingRiders DEX, according to data collector DeFi DefiLlama.
The testnet hard fork did little to move Cardano (ADA), which was up just 0.1% in the last 24 hours to $ 0.45, according to CoinGecko.
