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Cardano’s Vasil Hard Fork Date Has Arrived, Less Than 3 Weeks Away

Cardano’s Vasil Hard Fork Date Has Arrived, Less Than 3 Weeks Away

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Cardano founder Charles Hoskinson and its developer IOG are finally announced expected Vasili’s date in mainnet. After extensive testing of all core components and community readiness, the release date is set for September 22nd.

The update is expected to bring improvements to Plutus to allow developers to create more powerful and efficient blockchain-based applications.

The IOG also noted that in the past 24 hours, members of the SPO and Dapp communities have expressed their confidence in the readiness for the hard fork on the agreed date.

Further in the series of tweets, the Cardano team said that it is monitoring all of the above metrics, allowing for an official release date for the hard fork.

We have followed well all three metrics that we and the cardanostiftung set for release: 75% of the mainnet blocks were created by the final Vasil node candidate (1.35.3). About 25 exchanges updated (approx. 80% of ada liquidity). TVL’s Top 10 DA Apps That Confirm Readiness.

Appearing on a video podcast, founder Hoskinson noted that the release date coincides with Bulgaria’s Independence Day, which happens to be the country of the late Honorable Member Vasil Dabov.

Just a few days ago, the founder said that things are moving very quickly and hinted that if everything went well, September would be the most likely month for the release date.

Recently, Hoskinson was locked in a verbal spat with a Twitter user who said the founder was “ignorant” for believing that destroying the ADA would mean destroying the assets of Cardano’s fans.

Cardano’s Charles Hoskinson, “There’s No Ada’s Magic Reserve Floating”

Hoskinson then tried to make sense by explaining that there was no “Ada’s magic reserve floating around”. And that its tokens are in the hands of owners and real people. “To burn it would require it to be taken from them and destroyed.”

When another user asked to clarify the same, he explained that founders of other projects sometimes keep pre-mined coins in stock. In times of low liquidity, they dominate and destroy to manipulate the price of their token. But he emphasized that Cardano does not control ADA volumes.



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