According to Cardano founder Charles Hoskinson, Vasyl’s hard fork will take place in September. “We haven’t reached the finish line yet.”
The Ethereum merge may be just around the corner, but so is Cardano’s Vasil hard fork.
Cardano is a peer-reviewed proof-of-concept blockchain designed to solve global problems related to information management by supporting smart contracts and NFTs. According to CoinMarketCap, its ADA is ranked 8th by market capitalization.
On Friday, Cardano co-founder Charles Hoskinson shared a brief description of the Vasil hard fork, named after evangelist and Cardano mathematician Vasil Dabov.
“There’s a lot of testing going on,” Hoskinson said. He shared some technical details about the progress of the hard fork and some bugs that he knows need to be fixed.
A cryptocurrency hard fork occurs when participants in a blockchain network agree to upgrade their software to a new version. This is a big improvement over soft forks, which typically take less time and allow network participants to gradually improve their software over time.
When will the Cardano Vasil hard fork happen?
Ethereum co-founder Hoskinson also told the audience that the hard fork will happen “in September.” Perhaps coincidentally, Ethereum’s long-term convergence occurs on September 15th. The exact date of Cardano’s fork depends on the crypto exchange,
Hoskinson said. “The next big thing is the layout of the exchange, and Binance is currently developing that.” He added: “What usually happens after a hard day’s notice is you see a lot of rush and people passing through.”
Hoskinson said three of the five largest cryptocurrency exchanges are not updating their systems. Then some conversations seem more urgent and begin to improvise. In other words, they are really hard to find, they need a bit of pressure. We’re not there yet, but things are good. “
