Developers: Cardano’s new fork is successful
On the night of September 23, the developers of Input Output Global successfully activated the Vasil hard fork on the Cardano network. Some changes are due to take effect on September 27.
“Vasil will significantly increase the performance and potential of Cardano, from increasing throughput through diffusion pipelining (block propagation time optimization) to improving the developer experience with faster and more efficient scripts, as well as lowering costs,” Input-Output Global said.
The new fork is expected to bring “significant performance improvements” to the Cardano blockchain. The developers reported that the update would allow block transfer without complete verification. It will help speed up their creation.
In addition, the upgrade of Plutus smart contracts will allow decentralized applications to be deployed at a more modest cost.
According to the founder of the Abra crypto platform, Bill Barhydt, the update is a “big win for the developers” of decentralized financial platform Genius Yield. He noted that the hard fork was “one of the most complex and consistent updates to the Cardano network ever made.”
Earlier, Cardano co-founder Charles Hoskinson called Vasil the most challenging update the developers have launched since the project was founded about five years ago.
According to CoinGecko, data on the success of the new fork provoked an increase in the price of the Cardano ADA token. The coin rose by almost 4%, breaking the $0.46 mark.
According to the Cardano price forecast from the Coin Price Forecast portal, by the end of this year, the cost of ADA may reach $0.60. At the same time, analysts believe that the crypto-coin will be characterized by significant volatility, which investors can take advantage of.