The Cardano upgrade, Vasil, is close to implementation. This is according to a release from the Input Output platform on Monday, July 4. According to tweet from the platform,
“We’re happy to report that today at 20:20 UTC the IOG team has successfully hard forked the #Cardano Testnet. This is an important next step in the journey towards the Vasil upgrade on mainnet.”
This important stem has energized the team to invite Cardano SPOs, developers and exchanges to start taking steps towards testing the testnet for full migration to the mainnet.
The release said that due to the complexity of the Vasil, projects and SPOs have to check for backward compatibility with the codes.
We’re happy to report that today at 20:20 UTC the IOG team has successfully hard forked the #Cardano Testnet. This is an important next step in the journey towards the Vasil upgrade on mainnet. 🧵
— Input Output (@InputOutputHK) July 3, 2022
The release from Cardano says that:
“The community has requested a 4 week period following the testnet hard fork to allow for SPOs, developers, and exchanges to test and upgrade before we trigger the hard fork for the #Cardano mainnet. ”
It added that the Cardano Foundation team and Input-Output are working closely with dApp developers and exchanges throughout this period to ensure that the transition process goes on smoothly. The update proposal for the migration will be submitted as soon as the ecosystem partners are ready.
The Cardano team says that the Vasil update will confer significant improvements on the Cardano network. These include higher throughput and performance through diffusion pipelining, higher efficiency and improved script performance.
The release also said that:
“The Vasil upgrade will also include Cardano cryptographic primitives improvements (enabling greater interoperability options for other blockchains), a tuned Plutus interpreter, and a new cost model, which are all part of Plutus V2 scripts. ”
This upgrade has been described as the most important for the Cardano network. Hence the need to ensure that it is managed safely and securely.