Cardano Delays Vasil Hardfork by “a Few More Weeks”
Important takeaways
- Cardano’s CTO Kevin Hammon has said it could be “a few more weeks” before the network rolls out the Vasil upgrade.
- Vasil is Cardano’s most complex upgrade to date, aimed at improving the network’s scalability.
- It was originally intended to launch on June 29, but has suffered two delays to allow more testing time.
Share this article
Cardano’s core technology program manager, Javier Franco, has said that the team’s priorities are to ensure things are “done right”, even if it takes more time to launch the Vasil hard fork.
Cardano delays Vasil Hardfork again
After failing to launch last month, Cardano’s Vasil hard fork has been delayed again.
Kevin Hammon, CTO of Cardano developer Input Output Global, said in a Thursday interview that the much-anticipated Vasil upgrade would be delayed to complete testing and ensure a “smooth process.” He added that it could be “a few more weeks” before the update is ready to go live.
According to Input Output’s core technology program manager Javier Franco, the Vasil hard fork is Cardano’s “most significant update” to date. “There are a lot of moving parts, a lot of dependencies,” he said, explaining that the team’s priority is to make sure “things get done right” even if it takes more time to start the upgrade.
The hard fork was originally scheduled to go live on June 29, but as the deadline approached, Input became Output moved target post to the last week of July to “allow more time for testing.”
The upgrade promises to significantly increase Cardano’s scalability. Input Output has previously stated that it is the most complex task Cardano has taken on to date. Besides the sheer technical complexity of the code itself, the upgrade requires significant coordination between ecosystem stakeholders to ensure a smooth transition.
Cardano is the world’s eighth largest cryptocurrency with a market capitalization of around $17.5 billion. However, despite being one of the crypto industry’s oldest and best-known Layer 1 smart contract networks, it has failed to build a vibrant DeFi ecosystem like many of its direct competitors. According to data from Defi Llama, it has approximately $136.65 million in total value locked up. Ethereum, the largest smart contract network, has close to $57.44 billion, while Solana has $2.69 billion.
Cardano’s native token ADA was largely unaffected by the Vasil postponement news. According to CoinGecko data, it is currently trading at $0.52, up 5.7% on the day.
Disclosure: At the time of writing, the author of this piece owned ETH and several other cryptocurrencies.
