The company in charge of Cardano research and development, Input-Output Global (IOG), has created a new node to fulfill the preparation of the Vasil hard fork release. According to IOG, the development is very essential for the launch of the Vasil mainnet and testnet, as the Cardano 1.35.0 node is said to be the final candidate for this groundbreaking project.
Today, we are pleased to report that the IOG team has successfully tagged and launched #Cardano node 1.35.0, which we can confirm will be the final candidate for Vasil’s mainnet launch.
For now, everything is on track with the testnet release date closing. The announcement further reveals that the developers have noted that the Vasil update has the full code. This means that Vasil’s tests on the new Plutus v2 code were completed and ran smoothly with positive results in terms of performance and cost. IOG has also implied More updates on the Vasil update will be announced this week.
Today, we’re pleased to report that the IOG team has successfully tagged and released #cardano node 1.35.0 which we can confirm will be the final candidate for the mainnet Vasil release.👌🧵1/8— Input Output (@InputOutputHK) June 25, 2022
It is also said that the SPO has been informed of the launch of the new node. In this regard, they are expected to perform a new node upgrade to prepare for the launch of the Vasil testnet according to IOG.
We will give the testnet SPOs the time they need and as soon as more than 75% of the SPOs producing blocks on the testnet have been updated (necessary for satisfactory chain density for the hard fork), we will send the testnet upgrade proposal, which takes a full epoch to take effect.
Vasil Hard Fork release date postponed to next month
The Vasil hard fork is named after a devoted Cardano member named Vasil St Dabov. As one of the most important updates in the cardano blockchain, it will come along with a unique feature called “pipelining”. It will lead to a massive improvement in the consensus layer of the network to introduce faster block propagation. Additionally, Cardano’s Plutus will experience its first major upgrade.
Combined, all of these changes will bring Cardano to a position where it is faster than its competitors and a highly competitive platform for decentralized finance (DeFi) this year.
It is important to note that the mainnet launch of the Vasil hard fork was originally planned for this month. However, this has been postponed to next month with the testnet scheduled for this month.
charles hoskinsonthe CEO of IOG, revealed that the mainnet postponement largely had to do with the fall of the Terra ecosystem. According to him, they had to avoid such unfortunate circumstances. ADA is currently trading at $0.50, which is down 2% over the last 24 hours and 83% down from its all-time high of just over $3.