IOHK Confirmed Official Date Of Cardano’s Vasil Hard Fork Upgrade

Cardano has been making headlines a lot lately due to a lot of achievements that the project revealed. Now, the development team behind Cardano (ADA) is confirming the date of the smart contract platform’s much-anticipated Vasil hard fork upgrade.

Input Output Hong Kong (IOHK), the team behind the Ethereum (ETH) challenger, says the update will go live on September 22nd.

“VASIL UPGRADE: DATE CONFIRMED.

Following the successful completion and extensive testing of all core components, plus confirmed community readiness, we along with [The Cardano Foundation] can today announce 22nd September for the Vasil upgrade on the Cardano mainnet.”

IOHK also made sure to say that the Vasil hard fork is the “most significant” Cardano upgrade yet as it will greatly increase the blockchain’s network capacity and lower transaction costs.

The firm also notes that Vasil will enhance Plutus, Cardano’s smart contract mechanism.

According to IOHK, the firm scheduled the launch because all the parameters they set for releasing Vasil have been met.

“We’ve been tracking well against all three metrics we and [The Cardano Foundation] set for launch:

-75% mainnet blocks being created by the final Vasil node candidate (1.35.3)

-Approximately 25 exchanges upgraded (c. 80% of ADA liquidity)

-Top 10 DApps [decentralized applications] by TVL [total value locked] confirming readiness.”

Retail trading giant Robinhood reportedly started this new month by adding a top-10 crypto asset to its trading roster.

In a new announcement via Twitter, they stated that scalable decentralized blockchain Cardano (ADA), prompted by customer demand, is now live on the Robinhood platform.

Cardano is an Ethereum (ETH) competitor, and this month both projects will institute major network upgrades.

Regarding Cardano’s price today, at the moment of writing this article, ADA is trading in the green, and the coin is priced at $0.478. Stay tuned for more news from the crypto space.