What To Expect From The New Cardano (ADA) Vasil Hardfork Upgrade
The Cardano Vasil Hard Fork will be the next step on the Cardano roadmap as it aims to improve the blockchain's stability and scalability, but what exactly is it?
The ADA blockchain has now bolstered its infrastructure to boost the network, thanks to prior updates such as the Alonzo hard fork. Other initiatives in development include the Cardano Hydra L2 and Djed Stablecoin.
And now, along with main developer Sooraj, Cardano creator Charles Hoskinson has added to the anticipation surrounding the planned Vasil hard fork. Let's have a peek at what this new network update has in store for us.
Release Date for the Cardano Vasil Hark Fork Upgrade
The Cardano Vasil hard fork upgrade is set to go live on June 29, 2022.
The Vasil Hard Fork will be implemented in June 2022, according to Hoskinson. Sooraj, a Cardano engineer, then provided a more detailed update on the June 29 deadline.
#Cardano is anticipating a new wave of upgrades with the Vasil HFC event on the 29th of June 2022
— Sooraj 🚢 (@Soorajksaju2) April 18, 2022
Upgrades on Plutus- #Cardano's smart contract platform (CIPs)
are among the most anticipated components of this HFC event
Here’s a breakdown of each one of those upgrades:🧵👇 pic.twitter.com/bmU4U2bRkt
What's New with the Cardano Vasil Hark Fork Upgrade?
Sooraj, one of Cardano's developers, took to Twitter to provide additional information about the upcoming Vasil Hark Fork Upgrade.
Sooraj outlined how Cardano's Vasil Hark Fork will affect the network's general stability and connectivity in a series of Tweets.
He went on to say that CIPs, or critical Cardano improvements, will be prioritized with this upgrade, which will assess the procedures for submitting Plutus scripts to the blockchain.
This makes the transactions bigger
— Sooraj 🚢 (@Soorajksaju2) April 18, 2022
Larger transactions result in higher fees and decreased throughput
CIP 33 (Cardano improvement proposal) changes this
It is one of the updates coming with the Vasil HFC event in June 2022 pic.twitter.com/8MxlTiXgRW
The Vasil Hard Fork Upgrade's CIP-33 mechanism will significantly reduce the cost of such transactions by shrinking their size and making them more compact and "lightweight."
This makes the transactions bigger
— Sooraj 🚢 (@Soorajksaju2) April 18, 2022
Larger transactions result in higher fees and decreased throughput
CIP 33 (Cardano improvement proposal) changes this
It is one of the updates coming with the Vasil HFC event in June 2022 pic.twitter.com/8MxlTiXgRW
DApps will be able to access transactional output without having to recreate them, thanks to the new CIP-31 upgrade. The CIP-32 upgrade will allow users and developers to store data on-chain, allowing Cardano to come closer to a "fully decentralized architecture."