Cardano’s founder, Charles Hoskinson, predicts a September hard fork update assuming all goes well and no bugs or slowdowns prevent the upgrade. IOHK will collaborate with the Cardano community to determine the date of the Vasil hard fork. In addition, the team will meet with the Stake Pool Operators (SPO) to get an update on their preparations.
Vasil Hard Fork is expected in September, according to Charles Hoskinson.
Cardano founder Charles Hoskinson stated in a TV broadcast on August 26 that things are developing swiftly and that the Vasil hard fork would most likely occur in September.
The devs and community are thoroughly testing things against the 1.35.3 node, and integration and infrastructure appear to be in good shape. There are no major bugs in the backlog, only minor ones.
“Things are moving along very quickly extensive testing is still being done by both the community and still by us and a lot of integration work is happening behind the scenes so all of that infrastructure is looking good.”
The team will collaborate with the Cardano community to determine a date for the Vasil hard fork in September. Meetings will also be held with SPOs to gather updates on the Vasil hard fork preparations. Exchanges will also be forced to upgrade to 1.35.3 in order to provide liquidity.
According to PoolTool data, SPOs running the 1.35.3 node produced 53% of mainnet blocks in epoch 359. To deploy the fork on the Cardano mainnet, IOHK aims for 75% block production by SPOs running the 1.35.3 node.
IOHK will also announce the hard fork date when the top 5 major crypto exchanges in terms of volume finish upgrading to 1.35.3 and top dApps report successful tests against node 1.35.3. Binance, which generates 30%-40% of Cardano trade activity, has announced an upgrade to 1.35.3.
Furthermore, Cardano creator Adam Dean announced yesterday that the Vasil hard fork would occur sooner than predicted.
Cardano (ADA) is expected to reach $0.55 soon.
Despite the drop caused by Fed Chair Jerome Powell’s aggressive outlook on interest rate hikes, the Cardano (ADA) price is advancing strongly.
In anticipation of the hard fork in September, the ADA price is projected to reach $0.55 soon. Cardano’s Vasil hard fork in September is expected to be more successful.