Cardano developers are making major progress toward launching Vasil on mainnet.
Input Output Global (IOG), Cardano’s research and development arm, has continued to make significant progress toward the launch of the long-awaited upgrade Vasil.
The IOG noted in a statement that it completed one of the major requirements for the Vasil mainnet launch over the weekend. According to the IOG, 75% of Cardano’s mainnet blocks were successfully minted by the chosen Vasil node candidate, node 1.35.3.
“The Cardano Stake Pool Operators (SPO) community has been busy over the weekend. And we’re delighted to report that more than 75% blocks are now being minted by nodes supporting 1.35.3,” the IOG said in a statement.
The #Cardano SPO community has been busy over the weekend. And we're delighted to report that more than 75% blocks are now being minted by nodes supporting 1.35.3. First box ticked. ✅?
Info courtesy of @PooltoolI
3/9 pic.twitter.com/Rd0QPluUY9
— Input Output (@InputOutputHK) August 29, 2022
Two More Hurdles Left
Following the development, Cardano completed one of the three important criteria needed for Vasil mainnet deployment.
Other important criteria necessary for the Vasil mainnet launch include getting approximately 25 cryptocurrency exchanges to upgrade to node 1.35.3.
Additionally, the top 10 Cardano-based decentralized applications (dApps) with the highest total value locked (TVL) will also be required to upgrade to node 1.35.3 on the PreProduction network before Vasil finally goes live.
A reminder:
? 75% of mainnet blocks being created by the final #Vasil node candidate (1.35.3)
?Approx. 25 exchanges upgraded (representing c.80% of ada liquidity)
?Top 10 DApps by TVL confirming they've upgraded to 1.35.3 on PreProduction & are ready for mainnet.2/9
— Input Output (@InputOutputHK) August 29, 2022
Top exchanges like Binance, KUcoin, CryptoCom, HitBTC, and Kraken have started the integration process.
Exchanges including:@binance @kucoincom @krakenfx @cryptocom @gate_io @hitbtc
and many others have also communicated they have started the integration and testing process. The @CardanoStiftung exchange team continues to support. For a full list:https://t.co/e9Be0d3PE0
6/9
— Input Output (@InputOutputHK) August 29, 2022
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
