Cardano developers are working hard on the Vasil hard fork update.
Meanwhile, Cardano founder Charles Hoskinson has given a hint about the upgrade date for the Vasil hard fork, which is most likely to happen in September if everything goes according to plan.
As per the reports, IOHK has said that no serious bugs or hard fork blockers were found, and only minor bugs in Sev4 or Sev5 remain in the backlog.
Go, set, test, go!
Charles Hoskinson, in broadcast video On 26 August, he said that he anticipated an upgrade to the Vasil hard fork to take place in September.
Working with the Cardano Community to come to a consensus for the date, IOHK will team up with Stake Pool Operators (SPO) for getting the updates from their side also.
Charles recently denied claims that Cardano’s testnet was catastrophically broken, meaning they would eventually move forward with the Vasil hard fork. With the developers testing things against node 1.35.3, there are no major bugs other than the backlog, which are minor as well.
“Things are moving along very quickly extensive testing is still being done by both the community and still by us and a lot of integration work is happening behind the scenes so all of that infrastructure is looking good.”
As per reports, the team is integrating with the community trials and soon a consensus will be reached on the last date keeping in mind the preparations for the SPOs as well.
Also, yesterday, Cardano developer Adam Dean confirmed that the Vasil hard fork could come much sooner than expected.
Exchanges to be integrated
As the developers are still working on the integration process for the exchanges, Cardano Wallet configuration and Nix Docker setup has to be done before that.
Giving importance to exchanges for the ecosystem, IOHK stated that no proceedings for the upgradation will happen until the onboarding of the platforms holding 80% of the liquidity. Soon, the exchanges will be required to upgrade to 1.35.3 to provide liquidity.
IOHK will announce the hard fork end date once the top 5 crypto exchanges have upgraded to 1.35.3 and the top dApps node report a successful test against 1.35.3. Binance, which accounts for around 30%-40% of Cardano trading volume, has announced an upgrade to 1.35.3.
About 53% of the mainnet block production in epoch 359 comes from theSPOs that run on the 1.35.3 node. 75% of block production comes from the SPOs that run the 1.35.3 node to implement the fork on the Cardano mainnet.
Cardano (ADA) price is rising sharply and may soon reach $0.55 despite Fed Chair Jerome Powell raising interest rates.
