Input Output Global (formerly IOHK), working on the Cardano network, is once again postponing the launch of the Vasil hard fork by a few weeks.
Vasil is expected to significantly increase the scalability and performance of the Cardano blockchain. In June, the developers reported seven minor bugs, so the decision was made to postpone the rollout of the hard fork until the end of July. However, Input Output Global (IOG) Technology Manager Kevin Hammond said the event is being rescheduled due to access issues. The developers intend to conduct additional tests to ensure that the update runs smoothly.
“It may be a few more weeks before we move on to actually launching the hard fork. It is very important. It is necessary to ensure the smooth operation of the blockchain for all staking pool operators, marketplaces, developers and end users of Cardano,” explained Tim Harrison, IOG Vice President.
According to Santiment, despite the bearish trend of the cryptocurrency market, there is a high activity of developers in the Cardano network. Earlier, IOHK CEO Charles Hoskinson stated that more than a hundred projects are in the process of transitioning from the Ethereum blockchain to Cardano.
For the past two months, the ADA cryptocurrency has been trading at $0.5, which is due to the growing interest of traders and investors in the Vasil hard fork. According to Finder analysts, by 2025 the ADA rate will exceed $8 per coin, and by 2030 it will reach $58.
Source: Bits
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