The Cardano Vasil upgrade is set for launch, with the Cardano team noting all three critical mass indicators needed to trigger the upgrade are now met.
Cardano, Input Output Hong Kong (IOHK) states within the last 48 hours 13 cryptocurrency exchanges had confirmed their readiness for the hard fork, representing over 87% of Cardano’s liquidity.
Originally planned for a June launch, the Vasil upgrade has seen its launch day rescheduled twice, most recently due to a bug discovered in Cardano’s prior node version which created incompatibility issues.
With an updated Vasil node in place, over 98% of mainnet blocks are now being created by the updated nodes, while the blockchain’s top decentralized applications have also confirmed their readiness, marking all three metrics needed for the upgrade go-ahead.
Once live, the upgrade will be the blockchain’s most significant since its Alonzo hard fork in September last year, which brought functionality for smart contracts for the first time. This upgrade aims to bring smart contract enhancements, reduced costs, and increased throughput on the network.
