The Cardano blockchain will undergo its ambitious Vasil upgrade today 21:45 UTC.
The R&D team behind the blockchain, IOHK, announced yesterday that the Cardano team noted that all three “critical mass indicators” needed to trigger the upgrade were ready.
At the time of writing, out of the top exchanges for ADA liquidity, Coinbase is the only exchange listed as “in progress” regarding its integration status, according to an ecosystem readiness page by IOHK.
However, Coinbase tweeted a few hours earlier that the platform will be pausing withdrawals and deposits for ADA tokens due to the Vasil hard fork upgrade.
Developers have said that this upgrade would result in greater scalability and lower fees.
IOHK said one of the most significant upgrades brought by the fork is faster block creation as they can be transmitted without full validation.
IOHK also announced that results from the upgrade would be available for the developers to utilize from September 27.