Crypto

Cardano’s Vasil Hardfork is Delayed by a Few More Weeks

Cardano has delayed the Vasil upgrade again to ensure all potential issues are completely worked out

Javier Franco, the core technology program manager in Cardano, has stated that the team priorities are mainly to ensure that things are done right and correctly, even if this step require more time in order to launch the Vasil hardfork. And it is worth noting that Vasil hardfork did fail to launch last month.

The technical manager of Cardano developer Input Output Global Kevin Hammon, did say in an interview this Thursday that the Vasil upgrade would be delayed to complete testing in order to ensure a smooth process. Moreover, he said also that this delay might be for a few more weeks.

Vasil hardfork is considered the as the most significant update for Cardano, according to Franco. And he mentioned also that there are lots of moving parts, lots of dependencies.

The upgrade was initially scheduled to go live on the 29th of this month, but it failed again to accomplish the task, as the deadline encroached, Input Output moved the goal post to the last week of July to allow more time for testing.

It is worth mentioning that Cardano (ADA) is the eighth-largest cryptocurrency in the world, with $17.5 billion market cap. Despite this, it has failed to build a vibrant DeFi ecosystem like many of its direct competitors.

By the time of writing this article, Cardano (ADA) is trading at $0.5314 in green.

Related Articles

Back to top button