The Vasil hard fork upgrade has caused Cardano’s growth to constantly improve. However, the value of Cardano has reversed. It failed to demonstrate a favorable trend in the price of ADA, which is currently about $0.42. (USD).
Djed, the algorithmic stablecoin created by Cardano and Quoti Network, is now in the process of being phased out. The Djed team previously said it was looking forward to the Vasil update as the hard fork would enable the scalability needed to run Djed securely on the mainnet.
The Coti Network has detailed what might happen next for the eagerly anticipated stablecoin deployment now that Vasil has successfully launched with all functionalities installed.
The off-chain code and specialized libraries are now being upgraded, according to COTI, to support Cardano Vassil Node 1.35.x on a private testnet environment.
It states that a test run will be conducted following the implementation of all modifications to ensure that everything functions as intended. The modifications will be released to the open testnet after the test run is over.
final audit in process
According to the COTI network, the final audit result, which will determine whether any significant defects have been found, is an important thing that still needs to be done. According to the statement, JZ will be deployed on the mainnet if there is no problem. However, a specified date has not been given for mainnet deployment.
Significant script modifications to increase throughput and reduce the execution budget by more than 60% are some of the most recent changes to the Djed stablecoin (fees).
For redundancy and security purposes, the ADA exchange rate acquisition module was upgraded to take into account at least six external sources.
Additionally, according to COTI, Djed’s capabilities for testing and deploying new versions have been enhanced. It claims that 80% of the test objectives for automatically testing the Djed smart contracts and Plutus backend applications have been implemented (PAB).
