Hoskinson responds to skeptics.
In a tweet today, Cardano founder Charles Hoskinson has fired back at a Vasil hard fork skeptic who believes the upgrade will not go live on the scheduled date.
“You got to love how extreme the criticism gets. Better buy some good mouthwash,” Hoskinson tweeted in response to lewd comments by the Vasil upgrade detractor.
You got to love how extreme the criticism gets. Better buy some good mouthwash https://t.co/XGwajnQABE
— Charles Hoskinson (@IOHK_Charles) September 2, 2022
New Date For The Vasil Hard Fork
As reported by The Crypto Basic on Friday, Input Output Global (IOG), the development team behind the Cardano network, together with the founder Charles Hoskinson, revealed September 22 as the new date for the Vasil hard fork to go live on the main network (mainnet).
It bears mentioning that this is the third date that IOG has given for the launch of the long-anticipated upgrade. Notably, the upgrade failed to go live on projected dates in June and July due to bugs found in testing.
In recent weeks, IOG and Hoskinson have refrained from giving a specific date for the hard fork, with IOG noting that the focus is to get things right in response to queries about the date weeks ago. However, it appears the team is now confident of the date, as it asserts that extensive testing on all core components has been carried out. In addition, all parties required to upgrade their nodes assure that they will be ready by September 22.
As reported on Thursday, IOG, in its midweek update, had revealed that it is close to reaching all set metrics to trigger the hard fork. Pooltool data shows that the final node version, node 1.35.3, accounts for 93% of blocks produced on the network, well above the 75% benchmark set by the team. In addition, several crypto exchanges are in the process of upgrading with Binance, now believed to be nearly there. Meanwhile, only one decentralized application (dApp) out of the top 10 on the network by Total Value Locked (TVL) is yet to carry out testing of node 1.35.3.
The Vasil hard fork is touted as the most significant in Cardano’s history. The upgrade is expected to improve the network’s scalability, throughput, and smart contract functionality. According to tweets from IOG on Friday, there will be no network downtime due to the upgrade, thanks to its proprietary hard fork combinator.
Thanks to #Cardano’s unique hard fork combinator, we anticipate a seamless technical transition, with no disruption for its users or a break in block production. Users need take no action.
— Input Output (@InputOutputHK) September 2, 2022
Increased Cardano Demand
Historically, Cardano upgrades increased demand for its native token ADA across exchanges. The Vasil hard fork is no different. On Thursday, the popular commission-free crypto trading platform Robinhood disclosed that it had expanded its crypto offering by listing Cardano on its platform in response to customer demand. Additionally, as reported by The Crypto Basic on Thursday, Binance.US has launched a staking program for Cardano.
You asked… @Cardano is now on Robinhood #ADA #CryptoListing https://t.co/30JpA2vPF5 pic.twitter.com/GlXXu3S1lL
— Robinhood (@RobinhoodApp) September 1, 2022
Cardano is leading the pack in terms of gains among the top 10 cryptocurrencies by market cap. It is trading at the $0.4762 price point, up 4% in the last 24 hours and 9.94% in the previous week.
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