Over 83% of SPOs have been upgraded
In a recent progress report shared by Cardano’s IOG On the Vasil update, Cardano is “on its way to kill” the preparation metrics set by the IOG to trigger the Vasil mainnet hard fork.
Last month, IOG stated it would be tracking three critical mass indicators ahead of triggering the hard fork, which are: 75% of mainnet blocks being created by the final release candidate, roughly 25 exchanges upgraded (representing 80% of liquidity) and the top 10 dApps by TVL updated.
In a recent IOG report, over 83% of SPOs have been upgraded, indicating that the “node readiness” metric has already been met. The Cardano developer also provided an update on the exchange, which says that they are currently busy with their Vasil integration. Among the top 12 exchanges in terms of liquidity, two exchanges, Bittrue and MEXC, have confirmed their readiness. Other exchanges that have confirmed their readiness include Bitmart and LCX. IOG noted that there are at least 27 exchanges in the process of consolidation, of which 5 are in the top 10 for liquidity.
Likewise, more than 70% of the top dApps have confirmed successful pre-production testing.
The Vasil upgrade, named after the late Vasil St. Dabov, a much-loved and respected member of the Cardano community, will bring significant improvements and enhance network performance by increasing throughput and script efficiency, and reducing latency in block transmissions.
Orbis building zk-rollup to scale Cardano
Public blockchains have been around for more than a decade, yet none of these has been able to crack the puzzle of the blockchain trilemma so far. The Blockchain Trilemma refers to the problem in which a public blockchain will not be able to optimize for all three qualities: security, scalability and decentralization.
Regarding tweets, orbis Explains how it intends to aid scalability by creating a zk-rollup on the Cardano blockchain.
It explains that zk-rollups are the fastest way to scale a trustworthy Layer 1 (L1) blockchain without having to compromise its security, decentralization and the composability of its DeFi ecosystem.
Unlike other scaling solutions such as state channels or sidechains, zk-rollup can bring orders of magnitude greater scalability to Cardano by providing a general-purpose Layer 2 execution layer, without compromising the decentralization and security of Layer 1.
