Cardano’s development company, Input Output Global, has delayed the network’s long-awaited Vasil hardfork upgrade. The team claims to have seven bugs to fix and wishes to “allow more time for testing.”
The Cardano upgrade that would have brought the network into the new “Basho” era has been pushed back.
Input Output Global announced late Monday in a blog that the launch date for Cardano’s Vasil hardfork would be pushed back from June 29 to the last week of July. “After some consideration, we have agreed NOT to send the hard fork update proposal to the testnet today to allow more time for testing,”
Cardano’s most considerable update since the Alonzo hardfork launched last September is the “Vasil hardfork”.
It is part of Cardano’s long-planned transition from the Goguen to the Basho era, said, “an era of optimization, improving the scalability and interoperability of the network.”
Whereas previous eras were concerned with decentralization and bringing smart contracting capabilities to the network, Basho is concerned with improving Cardano’s underlying performance to better support DeFi applications.
The Vasil hardfork will specifically introduce following four key network improvements: CIP31, CIP32, CIP33, and CIP40. These enhancements are intended to rewrite the logic behind some of Cardano’s Plutus scripts. They are intended to work together to reduce transaction size, increasing network throughput and decrease transaction fees.
To read our blog on ““Exceptional market situations,” Babel Finance has stopped withdrawals,” click here
