September 22 has been scheduled for mainnet hard fork event
Cardano developer Input Output has confirmed the expected launch of the Vasil upgrade on September 22 after “extensive testing” of all core components.
Ahead of the much-anticipated upgrade, Cardano analytics platform Cexplorer shares key dates for users to note. First, on Sept. 19, the mainnet update proposal is expected to be submitted to trigger the hard fork event on Sept. 22.
September 22 will also usher in the transition from Alonzo to Babbage’s era.
As reported by U.Today, it may take five days for Vasil’s capability to be available on the mainnet. IOG states that Vasil capability will become available at the start of epoch 366 on Sept. 27. The Plutus V2 Cost Model will also be available on the mainnet on this date.
In a recent IOG report on ecosystem readiness, 97% of mainnet blocks have already been created by Vasil node candidate 1.35.3, which indicates that the “node readiness” metric has already been completed. Additionally, seven out of the top twelve exchanges by liquidity, namely Binance, Upbit, MEXC, Bitrue, AX, WhiteBIT and BKEX, have indicated Vasil’s readiness.
Coinbase and three other exchanges in the top twelve are currently updating their nodes. Eleven other exchanges have indicated Vasil readiness, while several others are in the process of updating their nodes. Six of the top ten Cardano dApps have reached the “tested” status in preproduction, while others remain “in testing.”
Cardano celebrates Alonzo’s first anniversary
Cardano has celebrated the first anniversary of the Alonzo upgrade, which went live on the mainnet on September 12th at 9:47 pm UTC.
The upgrade that brought Plutus smart contract capabilities to the Cardano mainnet enabled a host of new use cases for decentralized applications (dApps), decentralized exchanges (DEXes) and decentralized finance (DeFi) solutions.
Since the Alonzo HFC event, Cardano has added over 3,000 Plutus scripts (smart contracts). It also noted that “around 30% of transaction types use smart contracts and the volume continues to grow.”
As reported by U.Today, Cardano has seen an over fivefold increase in the number of projects building on the network since 2022.
cardano It will also celebrate its fifth anniversary as announced by the IOG.
