On the 18th of September, Charles Hoskinson stated via his official Twitter account that Vasil’s hard fork combinator request had been submitted and approved. Following this, the Vasil upgrade is due for full mainnet incorporation on September 22. However, he further stressed that the full effects of the upgrade might not be noticed until a few days after.
The go-ahead is good news for the majority of people who have been waiting patiently for the upgrade. It was postponed twice due to bugs that caused problems. Hoskinson had to retract his defence of the Cardano testnet‘s reliability and issue, stating that the stake pool operation community, regarded as the backbone of Cardano, is essential to the network.
Cardano enthusiasts and users have received the recent announcement with joy, with a number of them looking forward to the activation of smart contracts and NFTs.
Additionally, there are new Plutus V2 features and improvements. The new Plutus smart contract language (V2) is far more effective, allowing DApps created with it to accomplish much more with less expense.
The Vasil update promises to be a significant step towards turning Cardano into the most reliable, scalable, secure, and performant layer one cryptocurrency in the industry. Excitement levels are high, and the platform looks forward to what the community builds with the additional capabilities deployed.
The developers assured ADA holders that they would have no problems due to the hard fork. But when cryptocurrency exchanges upgrade, there can be issues with removing the holdings.
Cardano’s price has been plummeting for days now. The incorporation of the Vasil upgrade seems to be arriving at the right time. Scalability is an attractive feature to traders. Adoption of the ADA token will increase if the Cardano platform can achieve its goal with the Vasil upgrade.