The Cardano Vasil hard fork upgrade finally has an official release date. The upgrade is one of the most important ones for the blockchain to date.
According to Input Output and the Cardano Foundation, the Vasil hard fork upgrade is officially scheduled for Sep. 22.
The Cardano Vasil upgrade will bring increased network capacity and lower-cost transactions for Cardano. Additionally, according to Input Output, it will also bring enhancements to Plutus. This will enable devs to create more powerful and efficient blockchain-based applications.
Input Output had to make sure that at least 75% of mainnet blocks were being created with node version 1.35.3 in order to move forward with the upgrade. It also had to onboard roughly 25 exchanges that represent the lion’s share of the ADA token’s liquidity, as well as the largest decentralized applications by total value locked.
The Cardano builder is now tracking “well” against all of these metrics. Hence, why it is confident enough to officially confirm the date of the hard fork.
The ADA token is already up 3.42% over the past 24 hours and may rise more with the news of the Cardano Vasil release date. The Cardano foundation has yet to announce an exact time for the release.