Cardano’s most anticipated Vasil hard fork is expected to take place on September 22 at 21:44 UTC. It is activated by the joint IOG/Cardano Foundation team using the Hard Fork Combinator (HFC) technology. The HFC technology makes the upgrade of Cardano a seamless transition to a new protocol without interruption or restart. It also helps crypto exchanges and DApps continue ADA trading and Cardano network usage during the hard fork.
Cardano hard forks are unique
A hard fork generally splits a blockchain in half and changes the blockchain protocol with new rules. The changes are not backward compatible and the history of the blockchain is not available. In addition, it requires nodes to upgrade software and blockchain to reboot after a successful upgrade.
Meanwhile, hard forks on the Cardano blockchain are different. The Hard Fork Combinator (HFC) technology enables the transition to a new protocol without a blockchain split or reboot. In addition, both old and new rules are maintained on the blockchain. The protocol changes to new rules, but the history of previous blocks is preserved.
Vasil’s hard fork has blocks from earlier eras, including Byron, Shelley, Goguen and Basho. Hard forks will also combine Voltaire blocks into a single chain in the future. Also, switching from one protocol to another, such as Ouroboros Praos to Genesis, does not require nodes to upgrade. In fact, the nodes can gradually upgrade after a hard fork as the blockchain supports old blocks.
The Vasil hard fork is the biggest upgrade for Cardano. It further enhances Cardano’s proof-of-stake (PoS) blockchain in terms of transaction speed, DApps scalability and low transaction costs.
The Vasil hard fork introduces several capabilities, including the Plutus v2 scripts, diffusion pipelining, reference input, inline dates, reference scripts, and primitive data serialization.
SPOs, Crypto Exchanges and DApps Ready for Vasil Hard Fork
According to Cardano’s “Ecosystem readiness for Vasil upgrade”, 99% of mainnet blocks are created by the Vasil node 1.35.3. In addition, crypto exchanges are ready to provide liquidity and top DApps have confirmed their readiness for the upgrade.
IOG has announced that liquidity readiness is now over 90%. It means that the team can continue to activate the Vasil hardfork at the scheduled time.
At the time of writing, Cardano price is trading above $0.45, up nearly 2% in the past 24 hours. This is how the Cardano price may move after the Vasil hard fork.
Varinder is a technical writer and editor, technology enthusiast and analytical thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a significant period of time and is currently covering all the latest updates and developments in the crypto industry.
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This post Here’s Why Cardano’s Vasil Hard Fork Is A Seamless Upgrade
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