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HomeCrypto NewsMarketCardano Founder Sets Timeline for Vasil Hard Fork Testnet Launch, Applauds Community...

Cardano Founder Sets Timeline for Vasil Hard Fork Testnet Launch, Applauds Community Love For ADA Ecosystem

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Cardano is still on track to implement the Vasil upgrade as scheduled. 

Charles Hoskinson, the founder, and CEO of Input Output Global (IOG), the organization in charge of research and development of Cardano, has reiterated that the upcoming Vasil Hard Fork will be implemented as scheduled.

Speaking in a recent YouTube video, Hoskinson said the much-anticipated Vasil Hard Fork will be launched on June 29, 2022. However, the testnet for the upgrade is slated to be deployed later this month, which will make the necessary preparation for the mainnet launch on June 29, 2022.

Upcoming Vasil Features

It is worth noting that the upcoming Vasil Hard Fork is tipped to deploy significant upgrades to the current Cardano performance, especially the network’s smart contract platform.

According to the IOG team led by Hoskinson, the Vasil upgrade will introduce four major CIPs that will enhance the entire network’s performance.

The IOG teased last month that Vasil will deploy CIP-31 (Reference Inputs), CIP-32 (Inline Datums), CIP-33 (Reference Scripts), as well as CIP-40 (Collateral Outputs).

With the Vasil upgrade preparing for a mainnet launch by the end of next month, the IOG noted that all hands are on deck to ensure the Hard Fork has a smooth launch as expected.

At the moment, the development team is currently focused on the UTXO HD integration, an aspect of the upgrade that is concerned with testing and resolution workflow.

So far, a total of eight nodes have been redeployed to the peer-to-peer testnet. In addition, another 51 pre-registered SPOs are also integrated to assess testnet performance and share feedback.

Hype Around Vasil Upgrade

There has been a lot of fuss around Vasil Hard Fork, with Hoskinson spearheading the hype around the project.

According to Hoskinson, many developers are eagerly waiting for the official launch of the upgrade, as it is expected to unveil significant features as well as enhance the network’s scalability.

Hoskinson is confident that once more developers start building on Cardano, the amount of total value locked (TVL) on the network will skyrocket.

Hoskinson Applauds Community

In other news, the IOG CEO also took out time to commend the Cardano community for their massive show of love and support for the popular blockchain project.

This comes after two Cardano enthusiasts tweeted a picture of themselves with the Cardano flag, with the caption that read:

“Try to get the #Cardano flag out on the summit of Mount Everest in the high winds with my sherpa Nerbu @IOHK_Charles.”

Responding to this show of love, Hoskinson stated that the development shows the difference between Cardano and other digital currencies.

He stated that while other cryptocurrencies pay influencers to get these things done, the Cardano community executes them based on the love they have for the ecosystem, adding:

“The Cardano Community just does it themselves out of love for the ecosystem and philosophy. We got marketing. It’s three million strong and growing.”

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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