Cardano successfully activates the Vasil hard fork
The upgrade reduced the cost of transactions and increased the throughput of the blockchain
23.09.2022 - 08:15
347
2 min
0
What’s new? On September 22, at 21:44 UTC, the Input Output Global (IOG) development team activated the Vasil hard fork on the Cardano mainnet. However, some changes will not take effect until September 27. In the upgrade, the developers added a second version of Plutus scripts and modified the cost calculation model for each primitive. This made it possible to reduce the cost of executing scripts and the size of transactions, as well as increase the network’s throughput by about 20-30%.
👉 The Vasil upgrade will bring significant performance & capability enhancements to #Cardano, from higher throughput capability via diffusion pipelining to a better developer experience with much improved script performance, efficiency & lower costs.2/5— Input Output (@InputOutputHK) September 22, 2022
What else is known about the upgrade? The participants of the network report that the blockchain successfully passed stress tests after the activation of the hard fork.
Hey @IOHK_Charles we are trying our hardest over here to break #Cardano but we have failed. We cannot break it. Your did it! ⭐️ #Cardano #Vasil https://t.co/IJK447dWgu pic.twitter.com/JjhitA1Fog— Rick McCracken DIGI (@RichardMcCrackn) September 22, 2022
The increase in bandwidth on Cardano was achieved due to the so-called diffusion pipelining — the optimization of block propagation time.
Cardano is a blockchain platform created by Input Output Hong Kong (IOHK) and Ethereum co-founder Charles Hoskinson in 2017. Cardano supports smart contracts and also has the native token ADA that enables users to participate in the operation of the network. The asset ranks eighth in the cryptocurrency ranking with a capitalization of $15,93 billion, according to CoinMarketCap. As of September 23, 09:10 UTC, ADA is trading at $0,4634, having gained 3,14% in 24 hours, according to cryptocurrency exchange Binance.
According to a 2022 report by marketing company MBLM, the Cardano blockchain became the most recognizable crypto project, ranking 26th among the 600 brands surveyed from 19 areas in the global rankings and 4 points ahead of bitcoin.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$99 152
BTC
+2.4%
-
Ethereum
$3 418.89
ETH
+9.02%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.4
XRP
+26.14%
-
Dogecoin
$0.396627
DOGE
+2.16%
-
Cardano
$0.89393
ADA
+12.71%
-
Bitcoin Cash
$495.67
BCH
+3.87%
-
Polkadot
$6.25
DOT
+9.52%
-
Stellar XLM
$0.287265
XLM
+20.43%
-
Litecoin
$90.95
LTC
+5.49%