Vasil, the upcoming Cardano hard fork, may happen sooner than anticipated because IOHK and its creator Adam Dean are enthusiastic about it. As a result, the price of Cardano (ADA) soared by more than 3% in just two hours and more than 5% over the course of the last day.
According to a recent tweet by Adam Dean, the stake pool operators (SPOs) operating the 1.35.3 node currently have created 63% of the blocks in the last 12 hours. The goal of 75% block output on a 1.35.3 node was also confirmed by IOHK to deploy the Vassil hard fork on the Cardano mainnet.
Adam Dean, a Cardano engineer, expressed his optimism about the Vasil hard fork happening sooner in a tweet on August 26. The SPOs running the 1.35.3 node are responsible for 63% of the mainnet block generation, according to the 12-hour chart data on PoolTool.
What will happen next?
According to a previous tweet by IOHK, the Vasil hard fork will be implemented on the Cardano mainnet once the node has hit 75% of block generation. According to the developers, the last node version for the Cardano upgrade will be node 1.35.3.
In total, 1.35.3 nodes are running the Cardano mainnet at a 57% rate. Major problems were discovered during the developers’ successful testing of the 1.35.3 node and component integration. However, the backlog currently contains a total of 9 minor defects.
The top 10 dApps must be tested against node 1.35.3 on the pre-production testnet, with at least 25 exchanges updating nodes to provide 80% liquidity before the Vasil hard fork. Several exchanges including Binance recently announced an update to the Cardano node. Additionally, 4 out of the top 10 dApps have accepted the trial with node 1.35.3.
The latest updates to the Cardano price analysis show a comparatively higher degree of bullish momentum. This is made possible by the fact that there is solid support at $0.459. At least for the time being, the majority of altcoins, Bitcoin, and Ethereum are all experiencing corrections. Cardano is simultaneously seeing some encouraging bullish momentum, which is encouraging news for buyers.
