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    QONEQT in Cardano

    23-Sep-2022 11:03 AM


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    Fork, yes! Cardano Vasil promotion goes live

    After months of delays, Cardano Vasil's upgrade to a hard fork finally went live at 21:44 UTC on Thursday, bringing "significant performance and capacity improvements" to the blockchain.

    The success of the Cardano mainnet hard fork was announced by the blockchain company Input Output Hong Kong (IOHK) on Twitter on Thursday, while others are also looking at the hard fork in the Twitter home and who works through Cardano. , Charles Hoskinson. IOHK has said that a significant improvement brought by the fork is the transmission of the block without full support, allowing the creation of a block faster. Improvements in its Plutus smart contract for efficiency allow individual embedded applications to be deployed and operated more cost-effectively. The new version of the Plutus script upgrade will be available to developers on the mainnet on September 27, after the old time, which currently lasts about five days. Bill Barhydt, the founder of the crypto-trading platform Abra, calls this promotion "a big win for development" in decentralized finance (DeFi) on the platform Genius Yield, tweeting that it is "one of the most complex and resulting updates to the Cardano network ever."

    The upgrade date was announced at the beginning of September by IOHK, where the "high limit" required to trigger the hard fork reached within 24 hours before the event.

    It comes after months of delays and restructuring, with the planned launch date for June being delayed twice due to issues in the testnet caused by bugs in the previous portal creating compatibility issues. Following Vasil's promotion, Cardano continues to develop a layer 2 solution, the Hydra Head Protocol, which processes transactions on the Cardano blockchain while using it as a secure and safe haven.

    The latest update on Hydra is from Sept. 16 complete, the group solved a known problem in the mouth of Hydra. The protocol has no launch date set, but is slated for sometime in late 2022 or Q1 2023. The statement of success is sent to Cardano (Adin) increase up to 0.46 $ 24, according to 4.5% per week.
    Source: Cointelegraph
    #Cardano