Cardano’s Vasyl hardfork will launch tomorrow. Here’s what you need to know

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The Cardano Vasyl update is set to launch tomorrow. Vasyl is expected to bring improvements that make the blockchain more scalable and efficient and lower transaction costs. Although the update was hit by two delays, Cardano founder Charles Hoskinson indicated that the project is on track for tomorrow's launch.

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The update makes Cardano more scalable and introduces several other improvements.

Cardano waits for Vasil.

CardanoVasil's hardfork is finally at hand.

The much-anticipated update of the Layer 1 blockchain is set. It will be held in five days and the first round of revision will be tomorrow and the second on September 27, 2009.

“We don't think there will be any problems, but there's no going back now,” he said. Cardano founder Charles Hoskinson during the September 18 live stream. “Because no test or anything can save us [the] A rocket is in the air. Either it explodes in midair or it reaches orbit, and it's obviously gone.

Vasil is set to improve many aspects of the Cardano blockchain. According to a blog post from Cardano Developer Hong Kong (IOHK) Vasil says it allows applications built on Cardano to be “faster and more sophisticated,” improving the user experience by making it easier to build on the blockchain. It also improves network scalability and lower transaction fees.

IOHK says Vasyl is Cardano's “most significant upgrade.” The hardfork was originally scheduled for June 29, but suffered two delays to allow for more testing and fixing issues.

Last month, Cardano developer Adam Dean said he was on the blockchain testnet. “Broken brutally” due to a compatibility issue with the current version of the blockchain client software. Dean suggests that the problem may be due to IOHK's rush to deploy Vasyl. After announcing the discovery, if there is a nuclear clock for “Cardano”, we are dangerously close to hitting “midnight”.

Cardano is one of the world's largest blockchain networks with a market capitalization of over $15 billion, according to CoinGecko data. However, the network is locked in at a total cost of $79.1 million, according to Daffy Lama. This is significantly less than competing projects such as Ethereum ($30.87 billion), BNB Chain ($5.24 billion), Avalanche ($1.62 billion) and Solana ($1.28 billion). While Cardano fans may welcome Vasil's launch, the network's ADA token failed to respond to the event's lead. According to CoinGecko, it is currently trading at $0.44, down 0.4% in the last 24 hours. The ADA is about 85.6 percent lower than the peak recorded in September 2021.

Disclaimer: At the time of writing, the author of this article owns BTC, ETH and many other cryptocurrencies.

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