Cardano's Vasil Hard Fork Upgrade Goes Through Successfully: Here's What You Need to Know

Cardano is celebrating its fifth anniversary in a way that should please users and investors.

Cardano's Vasil Hard Fork Upgrade Goes Through Successfully: Here's What You Need to Know

Photo Credit: Unsplash/ Kanchanara

The upgrade makes Cardano more scalable and introduces several other improvements

Highlights
  • Transaction fees on Cardano are expected to lower after Vasil
  • Plutus separates the code that drives smart contracts
  • The update has been delayed many times so far for several reasons

Cardano has successfully carried out its much-anticipated Vasil hard fork — a backwards-incompatible upgrade taking place on the main network that is intended to improve smart contract capabilities, increase the chain's throughput and reduce costs. The Vasil hard fork upgrade was initially due for late June 2022 but was delayed because of Terra's collapse and the harsh market conditions, meaning that the team over at the Cardano foundation wanted to do all of the necessary tests and exercise caution before rolling out the upgrade.

To break things down, a hard fork is when participants on a blockchain network decide to split the chain, resulting in two versions of the same network or protocol. The Cardano hard fork aims to make the network much more scalable and improve the experience for Web3 developers to create decentralised apps (dApps) on Cardano.

This update will also include improvements to Plutus, Cardano's smart contract platform. Plutus efficiently separates the code that drives smart contracts, which remains off-chain and runs on a user's machine, from the on-chain validation of transactions. These changes will make it possible for developers to design blockchain-based apps that are more powerful and efficient.

The hard fork will also introduce "diffusion pipelining". As per a blog post by IOHK, this will streamline performance and increase the amount of data Cardano can handle. Today, blocks of data go through a series of steps. Pipelining allows some of these steps to happen at the same time.

As it stands today, Cardano already has made significant progress. More than 3,200 Plutus (the native smart contract language used on Cardano) scripts exist on the blockchain. And developers are building 1,100 projects there. The blockchain has processed a total of more than 50 million transactions.

Farther down the road, Cardano is heading for another big milestone — the launch of its hydra heads scaling solution. Hydra heads will allow certain operations between a certain number of participants to take place off the main network.


With the next Apple event due very soon, we dive into all the leaks and rumours surrounding iPhone 14 on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Affiliate links may be automatically generated - see our ethics statement for details.
Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Further reading: Cryptocurrency, Cardano
Shomik Sen Bhattacharjee
Shomik is a senior sub-editor at Gadgets 360. As someone who's screened the consumer tech space for the past four years, he's now shifted focus to the crypto-verse. When not converting currency values in his head, you may find him in an intense five-a-side football match or grinding out the newest Destiny 2 weekly challenge on his Xbox. You can reach him for tips or queries at ShomikB@ndtv.com. More
Twitter to Provide More Data to Research Groups Studying Content Moderation
Share on Facebook Tweet Snapchat Share Reddit Comment google-newsGoogle News

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2022. All rights reserved.