ADA gained nearly 10% after news of significant milestone
Cardano’s ADA hits a high of $0.568 on Aug 13 IOG Wasil gave a positive re-statement regarding the progress of the work on Hard Fork. Taken from earlier day’s low of $0.52, ADA is up nearly 10% after news surfaced that a key milestone was reached on the Vasil test. At the time of publication, ADA was up 6% at $0.55.
According to IOG, the Vasil upgrade remains the most ambitious program of work it has undertaken, so safety and security are its top priorities when managing the upgrade.
With this in mind, it states that a new node version – 1.35.3 – has been released for use on Vassil DevNet and new preproduction environments. It says that if there are no major new problems, the new node could be the one with which the Vassil upgrade will start on the mainnet.
Additionally, the new preproduction environment has been created to give exchanges and SPOs a “clean” and more agile environment to test against 1.35.3 to begin their final testing and integration processes.
It provides three important mass indicators that will help decide when a Vasil mainnet upgrade might be triggered in a series of tweets: First, the last Vasil node candidate will have made 75% of the mainnet block. In addition, the major Cardano mainnet dApps (including the top ten by TVL) should indicate that they have upgraded to 1.35.3 in the preproduction environment, with about 25 exchanges following the mainnet upgrade.
New Daedalus wallet testnet release on way
In its weekly report, IOG reports ongoing work by the Daedalus team in preparation for the upcoming testnet release of Daedalus v.4.12.1. The Daedalus wallet is a full-node desktop wallet for the ADA currency.
IOG also shared the latest figures on the Cardano network in its weekly development report. Currently, there are 1,065 projects under construction on Cardano, while 93 projects have been launched on Cardano recently. Cardano’s native token stands at 5.7 million, while Plutus Scribe now stands at 3,057. The number of Github commits was also 2,692.
