Cardano’s Vasil hard fork upgrade is now scheduled to take place on Sept. 22, Input Output (IOG), the blockchain’s development lab, announced in a <a href="https://twitter.com/InputOutputHK/status/1565736902204002312?s=20&t=-zxeFdbgrJThDC6qt1FetA">tweet thread</a> on Friday.
Vasil is a major upgrade designed to increase Cardano's scaling capabilities and reduce transaction costs, and had originally been scheduled for a June release on a test network. A hard fork is a backward-incompatible change to the software used to validate and produce new blocks.
The rollout underwent multiple <a href="https://www.coindesk.com/tech/2022/07/29/cardanos-vasil-upgrade-is-delayed-again-for-more-testing/">delays</a>, however. But IOG said in its tweets Friday that the upgrade had met its criteria of “the successful completion & extensive testing of all core components, plus confirmed community readiness.”
IOG said the network’s upgrade readiness could be tracked on this <a href="https://iohk.zendesk.com/hc/en-us/articles/7981157534105-Ecosystem-readiness-for-Vasil-upgrade">web page</a>.
The price of Cardano’s native token ADA was down 0.8% over the last hour and 0.3% over the last 24 hours, according to CoinGecko. Over the last year, ADA is down 84%.
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