Vasil update is now in final mile
cardano network has handled over 50 million transactions in total, a new milestone for Cardano. As of now, more than 50,033,448 transactions have been done, according to Cardanoscan.io.
In early June, after the announcement regarding the Vasil upgrade was made, the number of transactions was given as 42.5 million by the Cardano foundation, which was reported by U.Today.
Now, that number has grown to around 8 million. The Vasil hard fork was originally scheduled to launch in late June, but was postponed based on the need for further testing.
In late June, Input Output, the Cardano blockchain builder, made a statement announcing the start of the countdown for the Vasil network upgrade following the release of the Vasil node 1.35.0. The IOG team hard forked the testnet to Vasil functionality on July 3 and hence testing continued.
The Vasil hard fork is scheduled to launch on the mainnet on September 22nd and is expected to significantly increase transaction volume.
Vasil now in final mile
The Vasil update remains in the final mile. As reported by U.Today, there are crucial dates to note. First, on Sept. 19, the mainnet update proposal is expected to be submitted to trigger the hard fork event on Sept. 22, which will also usher in an era of transition from Alonzo to Babbage. It may take five days for Vasil’s capability to be available on the mainnet as IOG states that Vasil’s 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, 98% 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.
