Cardano (ADA) disappoints: no Vasil hardfork on 29 June after all

Last Updated: 23 June 2022

The long-expected Vasil hardfork of Cardano will not take place on 29 June. Charles Hoskinson, the founder of Cardano, announced this via a livestream. The hard fork is now scheduled for the end of July.

No serious bugs

Hoskinson went live on his YouTube channel yesterday to share his thoughts on the postponement. In it, he said that the Vasil hard fork is practically ready for launch.

“After some consideration, we have decided NOT to send the hard fork update proposal to the test net today to allow more time for testing,” Hoskinson read from the website of Input Output Global (the company behind Cardano).

Hoskinson explained that there were still seven bugs to fix, none of which, were classified as serious. So this is good news.

Vasil is not for users

However, it is important to note, as did Hoskinson, that the Vasil upgrade is not for the ‘average Cardano user.’ The Vasil hardfork will be especially beneficial for developers of decentralised apps (DApps).

“We’re doing network improvements, consensus improvements with pipelining, we’re upgrading significant changes to the Plutus language, which is the first time we’ve ever done that with live DApps in circulation,” says the founder.

Biggest hardfork for Cardano ever

“There is a lot going on here with this hardfork. It’s the biggest and most significant [hardfork] we’ve ever done, and it’s one where the stakes have never really been higher in that regard.”

Input Output Global stressed that there is no such thing as an “absolute” timetable. Indeed, according to Nigel Hemsley, head of delivery and products, the hardfork is the most challenging development to date. It would significantly improve the network scalability, which ultimately will lead to higher adoption.

So to take the time for this, the hardfork has been moved from 29 June to the end of July. The real Cardano fans will have to wait, but this indirectly means that the possible ‘buy the rumour, sell the news’ will also be postponed. This could be beneficial now that bitcoin is around a crucial point.

Author

  • Steven Gray is a journalist with a heart for crypto. He filters the wide range of news and ensures that it reaches the public in a comprehensible way. He often does this with the support of technical analysis.

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