Cardano's research and development company, Input-Output Global (IOG), has unveiled a new node to cope with preparing for the launch of the Hard Fork Vasil. According to IOG, development is essential for the launch of Vasil's testnet and mainnet, as the Cardano 1.35.0 node would be the final candidate for this innovative project.
Today we are pleased to announce that the IOG team has managed to tag and release the #Cardano 1.35.0 node, which we can confirm will be the final candidate for the Vasil mainnet release.
For now, everything is in line with the testnet release date. The announcement also reveals that the developers noted that Vasil's update is complete. This means that Vasil's tests on the new Plutus v2 code were completed and ran smoothly with positive results in terms of performance and cost. IOG also hinted that further updates on Vasil's update will be announced this week.
The SPO would also be informed of the release of the new node. In this regard, according to IOG, it is expected that the SPO will carry out an update to the new node to prepare for the launch of the Vasil test network.
We will give the testnet SPOs the necessary time and as soon as more than 75% of the SPOs producing blocks on the testnet have made the update - necessary for a satisfactory chain density for the hard fork - we will present the testnet update proposal, which it will take a full epoch to take effect.
The release date of the Vasil Hard Fork has been pushed back to next month
Vasil Hard Fork is named after a devoted member of Cardano named Vasil St Dabov. As one of the most important updates to the Cardano blockchain, it will be accompanied by a unique feature called “pipelining”. This will lead to a massive improvement in the network consensus level to introduce faster block propagation. Furthermore, Cardano's Plutus will undergo its first major improvement.
All of these changes will lead Cardano to be faster than its competitors and to be a highly competitive platform for decentralized finance (DeFi) this year.
It is important to note that the Vasil Hard Fork mainnet release was originally scheduled for this month. However, it has been postponed to next month, while the testnet is scheduled for this month.
Charles Hoskinson, the CEO of IOG, revealed that the mainnet postponement is largely due to the collapse of the Earth ecosystem. According to him, they had to avoid these unfortunate circumstances. ADA is currently trading at one quotation of $ 0,50, down 2% in the last 24 hours and 83% from its all-time high of just over $ 3.