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Home Crypto News Market Input Output Global (IOG) Publishes Detailed Roadmap for Cardano Vasil Hard Fork

Input Output Global (IOG) Publishes Detailed Roadmap for Cardano Vasil Hard Fork

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The team is confident of a mainnet launch by June 29, 2022. 


The Cardano community has been eagerly anticipating the Vasil Hard Fork launch as the upgrade is expected to introduce significant features to the blockchain.

The enhancement of Cardano will contribute to the massive adoption of the network and also cause the price of ADA, the native cryptocurrency, to soar.

Vasil Hard Fork Roadmap

In a recent YouTube update shared by Input Output Global (IOG), the organization in charge of Cardano’s research and development, the team highlights a detailed roadmap for the upcoming Vasil Hard Fork event.

Image source: Twitter

In a six-minute video, the IOHK team noted that it is conducting the finishing touches to the upcoming upgrade, which will prepare it for a closed public testnet launch before the end of this month.

Mid May:

  • Closed public Testnet
  • Dapps Start Testing

May END:

  • DB Testing

The closed public testnet will also feature the testing of selected decentralized applications (dApps) in order to ensure that most dApps will not have hitches running on the new environment once the Hard Fork is implemented by next month.

As disclosed by the team, everything about the closed public testnet phase will end this month and it will pave room for Vasil’s migration to the Cardano testnet, which is scheduled to be implemented by early June 2022.

A series of development, including exchange integration, will be made once Vasil is migrated to Cardano’s testnet. By mid-June, the team noted that all off-chain components will be ready and the Hard Fork will be almost ready for a mainnet launch.

Once the team is certain that the upgrade has no issue, the Vasil Hard Fork will be executed on mainnet by June 29, 2022. The IOHK team is confident that the upgrade will not be scheduled for another date as it is 100% confident in its progress.

Early June:

  • Migration To CardanonTestnet
  • Vasil is live on Cardano testnet
  • Exchanges start integration

Mid-June

  • Off chain components ready

End Of June

  • Submit Mainnet hard fork proposal
  • Mainnet Vasil Era

Expected Features of Vasil Hard Fork

As reported, the Vasil Hard Fork is one of the biggest events of Cardano in 2022. The upgrade is expected to roll out significant enhancements to different aspects of the network, including Plutus, the smart contract platform that Charles Hoskinson, the CEO of IOG, believes will lure more developers into using the network.

He added that Cardano’s total value locked (TVL) will surge tremendously once the Vasil Hard Fork is live.

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Disclaimer

The content is for informational purposes only and 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.

Mark Bernnan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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