According to Charles Hoskinson, co-founder of Cardano, the Vasil upgrade is set to improve cardano's performance and intelligent programming capabilities. Previously, it was scheduled to take place on June 29. However, according to the latest information, the upgrade will be implemented in the last week of July.
Head of distribution and projects of Input Output Hong Kong (IOHK), Nigel Hemsley, shared that the Input Output Global (IOG) team "has worked very hard to complete the core of the work". However, there are still seven errors that exist so more time is needed.
"Vasil is the most complex development and integration program to date, from many angles. It's a challenging process that requires not only the work of core teams but also close coordination throughout the ecosystem." Hemsley wrote.
As a result, the Cardano Foundation, the nonprofit that oversees Cardano's development, and the IOG group agreed to delay the sending of Vasil hard fork to Cardano from June 20 to June 29.
The hard fork is expected to roll out in the last week of July.
After the successful hard fork testnet, developers from Cardanao-based decentralized applications (dApps) and the SPO operators of the share group will have about four weeks "to perform any necessary integration and testing work" before starting the Vasil hard fork on the main network in late July:
"This makes sense and should not be rushed. Therefore, predicting the hard fork of the Cardano main network occurs in the last week of July."
"We recognize that this news will disappoint some people. However, we are taking extreme care to ensure that we implement this deployment correctly." Hemsley added.
About Vasil Hard Fork
Vasil hard fork is the biggest upgrade for Cardano since hardfork Alonzo from September successfully activated smart contracts on the network. This latest upgrade is set to introduce four network improvements called "CIP31, CIP32, CIP33 and CIP40".
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In theory, these upgrades are designed to reduce the size of transactions, thereby increasing the throughput of the network and reducing transaction fees on the network.
Cardano is a Proof-Of-Stake blockchain platform that aims to provide competition with Ethereum as a smart contract network for a lower fee.It currently ranks seventh among all crypto assets by Market Capitalization of around $16 billion.
