Cardano developers working to bring Vasil hard fork to mainnet – IOHK latest update News ▸ Cardano ▸ Technology
Cardano developers working to bring Vasil hard fork to mainnet – IOHK latest update
IOHK said no serious bugs or hard fork blockers are left, and only minor bugs in Sev4 or Sev5 remain outstanding in the backlog.
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Updated: Aug. 26, 2022 at 10:13 am UTC
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Cardano (ADA) parent Input Output said the Vasil hard fork is almost here, and developers are working to bring it to the mainnet.
📢 The team at IOG, along with @CardanoStiftung and the wider @Cardano technical community continue to work together to bring the #Vasil upgrade to the #Cardano mainnet. 🙌
Here’s a rollout status as of 25th August 🧵👇
1/13
— Input Output (@InputOutputHK) August 25, 2022
According to IOHK, 40% of the stake pool operators are now running the version 1.35.3 node — a sign that the network is halfway through the upgrade since the hard fork’s threshold is 75%.
The company added that no serious bugs or hard fork blockers are left, and only minor bugs in Sev4 or Sev5 remain outstanding in the backlog.
Exchanges integration
Meanwhile, developers are still working on the integration process for exchanges. Before this can happen, they will have to update the Cardano wallet configurations and set up Nix docker.
Given the importance of exchanges to the ecosystem, IOHK has said it will not proceed with the upgrade until it onboard platforms holding 80% of the liquidity.
💱 Exchanges: one last small piece of work to do (Cardano Wallet Configs/Nix docker set-up) before exchanges have all they need to integrate. Expect more news on this within the next few working days. 80% by liquidity is the target for the upgrade🎯
7/13
— Input Output (@InputOutputHK) August 25, 2022
Binance has also announced it is updating its Cardano nodes.
So far, four of the top 10 decentralized applications on the network by TVL have tested the latest node version.
IOHK announced the launch of a new devnet — Yolo Net — where SPOs can carry out further testing.
The Vasil upgrade delays had resulted in issues within the Cardano community, forcing Charles Hoskinson to deny the existence of a “hush-hush culture” within the development team.
Cardano ranks highest among crypto products on brand intimacy
Cardano is the highest-ranking crypto brand in the Top Brand Intimacy 2022 report.
The crypto ecosystem was ranked 26th with a quotient score of 52.6.
Bitcoin (BTC) is ranked second among crypto brands and 30th overall. Polkadot (DOT) is ranked third and 111th overall, while Ethereum (ETH) is fourth among crypto brands and 120th overall.
The brand intimacy report uses artificial intelligence to study how consumers bond with brands.
Development remains apace
Meanwhile, despite the Vasil hard fork delays, Cardano developers continue to pursue the development of the ecosystem.
According to available information, the Hydra Layer 2 scaling solution launched version 0.7.0 earlier this week.
2/Hydra is a family of L2 scaling solutions being built on top of Cardano using state channels
Allowing participants to transact off-chain at high speed with low fees using similar rules and smart contracts as L1, then settling on it
They released version 0.7.0 this week https://t.co/CERyk4FyNc
— ADA whale (@cardano_whale) August 25, 2022
In addition, Flint wallet developers are working on releasing a faster version, and Typhon Wallet now has instant transactions.
Apart from that, several other developments are ongoing on the network to improve the user’s experience while strengthening its security.
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Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source.
Bitcoin
$64,128.02
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,136.47
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Polkadot
$6.78837
Polkadot development is on track to deliver the most robust platform for security, scalability, and innovation.
Input Output
Input Output Hong Kong (IOHK) is a research and development company committed to using the peer-to-peer innovations of blockchain to build accessible financial services for all.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
Charles Hoskinson, based in Colorado, stands out as a prominent figure in the blockchain and cryptocurrency sphere.