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Blockchain NewsDeFi News

Cardano Vasil Hard Fork Delayed for a Few More Weeks

"Our priority is to get things done right, and if that takes more time, so be it,” as the IOG team has set certain benchmark criteria for going ahead.

Written By:
Renuka Tahelyani

Last updated: February 12, 2024 6:08 AM
Published July 29, 2022 11:51 AM
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Last updated: February 12, 2024 6:08 AM
Published July 29, 2022 11:51 AM
Cardano Vasil Hard Fork Delayed for a Few More Weeks

During its “Cardano360” July edition, the blockchain infrastructure research company Input Output (IOG) which is the driving force behind Cardano, revealed that the Cardano Vasil hard fork upgrade has been delayed for a few more weeks.

Kevin Hammond, Technology Manager, and Javier Franco, Core Technology Program Manager at IOG, explained that the Vasil hard fork will not take place this month so that Cardano users can transition smoothly.

“Our priority is to get things done right, and if that takes more time, so be it,” Franco said before going on to explain the benchmark’s criteria.

In terms of exchanges, the team hopes to have completed integration by liquidity for 80% of them. When it comes to SPOs, the team needs at least 75% of them to be updated to the final version of the node.

Tim Harrison, IOG’s VP of Community & Ecosystem, stated, “This will ensure that API developers and exchanges are all ready for that.”

Vasil, a network upgrade that would increase Cardano’s scaling capabilities, had previously been delayed due to “technical bugs”, but it was successfully launched on the Cardano testnet in early July.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Renuka Tahelyani - Crypto Content Writer at The Crypto Times
By Renuka Tahelyani
Renuka Tahelyani is a CA student, enthusiastic about everything Finance. She is still a wanderer in the crypto world aiming to keep up. When she is not reading a business journal she is either engrossed in a novel or planning an imaginary trip with imaginary cool people.

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