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NewsBTC 2022-09-01 17:00:31

IOG Says Cardano Vasil Hard Fork Is Almost Here, But What Is ADA Doing?

With each passing day, Cardano inches closer to one of its most important upgrades yet, the Vasil Hard Fork. IOG, the developer behind the Cardano network, had outlined three important milestones that the network needed to reach for the hard fork to be triggered. With the first of the three metrics already met at this time, the upgrade is closer than it has ever been, as confirmed by the developer. Nearing Cardano Hard Fork When the developer had previously confirmed that there were no longer any bugs in the Vasil hard fork, it had moved towards fulfilling the requirements for the upgrade to be completed. The first of these requirements was that at least 75% of all SPOs had upgraded to the final node version. As of the time of this writing, the team confirmed that more than 80% of all mainnet blocks are now being produced by Vasil nodes. Related Reading: Bearish Indicator: Bitcoin Short Exposure Surge To New All-Time High Second of the metrics that needed to be hit was that the top 10 of the top DApps by TVL on the Cardano network will have updated to the Vasil-supported nodes. A Twitter announcement confirmed that more than 70% of DApps have now confirmed successful pre-production testing. The last of the requirements was that at least 25 exchanges which represented about 80% of all ADA liquidity, will have upgraded to support the network post-hard fork. This is the last step that remains for the hard fork to be triggered. AD...

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