Cardano developers are conducting “extensive testing” of the Vasil upgrade. The hard fork is planned to be activated “sometime in September,” said the project’s founder Charles Hoskinson.
Vasil Update 08-26-2022 https://t.co/cyRgTkYA9n
— Charles Hoskinson (@IOHK_Charles) August 26, 2022
According to him, the team has found a number of bugs in the code that it will need to fix. Hoskinson stressed that the exact activation timeline depends, among other things, on the actions of trading platforms.
“The next important step will be to bring on board cryptocurrency exchanges. […] When the three-to-five largest platforms update their systems, a hard-fork date will be set,” he explained.
The project\’s founder noted that support from major players will help ‘push’ other market participants to adopt the upgrade.
Vasil comprises four Cardano network improvement proposals aimed at lowering transaction fees and increasing network security. The upgrade will also simplify interaction with smart contracts.
Initially, the hard fork was planned to be activated at the end of June 2022, but then the date was postponed to the following month.
In July, Cardano developers activated the upgrade in the testnet.
Earlier in the same month, the project team again postponed the hard-fork date. They explained the move was intended to ensure that all parties were ready for the upgrade.
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