A hard fork of the mainnet will take place in around four weeks or after Cardano developers have had time to prepare their software for the update.
On the Cardano testnet, advances have occurred toward the much-anticipated Vasil hard fork. This fork will bring major performance gains once it goes live in the mainnet. Additionally, the testnet has made great headway toward this goal.
Cardano Vasil on Testnet Check
Now is the time for project developers, stake pool operators (SPOs), and exchanges to put their work through its paces on the testnet. This is to ensure a seamless transition to the mainnet when Vasil is available in about four weeks.
The Vasil hard fork will boost both the speed at which blocks are generated and the scalability of decentralised applications (DApps) that are based on Cardano. According to an IOHK tweet on Sunday, developers would also benefit from “much-improved script performance and efficiency” and lower expenses as a result of the performance changes.
Final Phase of Development
Vasil, an essential part of the Basho period of the development of the blockchain, will make it possible for Cardano sidechains to communicate with one another. Voltaire will be the fifth and final phase of development for Cardano, and its primary focus will be on governance.
However, the request to hard fork the mainnet will not happen until “ecosystem partners are comfortable and ready”. This is according to IOHK, and this is expected to occur within the next four weeks.
Decentralized finance (DeFi) developers took advantage of the launch of Cardano’s smart contract capabilities in the previous phase, Goguen, by building scores of decentralised exchanges (DEXs) and DeFi protocols.
The DEX WingRiders is Cardano’s top DApp, with a total value locked (TVL) of $49.7 million. This is according to the DeFi data compiler DefiLlama.
According to CoinGecko, Cardano (ADA) is only up 0.1% in the previous 24 hours after the testnet hard fork.
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