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Cardano Vasil is ready to launch its most ambitious upgrade yet

Cardano Vasil is ready to launch its most ambitious upgrade yet

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The Cardano Vasil update is scheduled to happen in less than a few hours today with the Cardano team note that all three essential mass indicators required to trigger the update have now been met.

According to a Wednesday update on Twitter by Cardano subsidiary Input Output Hong Kong (IOHK), 13 digital currency exchanges have confirmed their readiness for the hard fork and represent more than 87 percent of Cardano’s (ADA) cash flow.

Based on the Environmental Readiness page maintained by IOHK, Coinbase remains the only interaction mentioned in the interaction regarding its assimilation status among the most important ADA cash flow transactions.

Nevertheless, Coinbase has already hinted that it plans to support the fork, stating that ADA exchanges will be discontinued due to the difficult fork maintenance of Cardano Vasili.

Originally scheduled for a June release, the Vasil update has been delayed twice, most recently due to a glitch found in Cardano’s previous node version that caused compatibility issues.

On the renewed Vasil base station, the renewed nodes already create more than 98% of the production server blocks. Cryptocurrency’s most popular decentralized software (DApps) has confirmed its readiness, stressing that all three measures are necessary for the update to proceed.

According to market analysis console Santimenti, social networking chatter about ADA has increased by 35.16% in the past week since Monday, third behind Ethereum and Ripple.

Big focus on forked tokens

Once deployed, the update will mark crypto’s most significant since last September’s Alonzo rugged fork, which enabled cryptographic protocol features for the first time. The goal of this update is to improve smart contracts, lower prices and improve network bandwidth.

According to IOHK, the most significant advantage of the fork is faster block invention, as they can be transported without full verification. The Vasil update is named after the deceased genius Vasil Stoyanov Dabov, a Cardano community representative and diplomat who died of thromboembolism last December.

According to CoinGecko, ADA is trading at $0.44, flat 3.4% in the last day and down more than 85% from its all-time high of $3.09 on 09/02/2021.

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