CARDANO VASIL IS ALL READY TO RULE DIGI WORLD LAUNCHES ON TESTNET
The long-awaited strong Vasil fork has been completed in Cardno's testnet, bringing one major step closer to being realistic on the mainnet and promising widespread performance improvements.
Project developers, stake pool operators (SPO), and traders are now encouraged to use their work on testnet to ensure the integration goes smoothly when mainnet receives Vasil treatment for approximately four weeks.
Once completed on the mainnet, Vasil's hard fork will allow for faster block creation and greater scalability of distributed applications (dapps) running in Cardano. Input Output HK (IOHK), an organization that produced Cardano, said in a July 3 tweet that in addition to performance improvements, developers will benefit from "highly improved script performance and efficiency" and lower costs.
Vasil will also enable collaboration between Cardano Sidechains (ADA), one of the key features developers intend to introduce in the current Basho blockchain development phase. Basho is the fourth phase of Cardano development that focuses on expansion and will be followed by the Voltaire phase, where governance will be the most focused.
The IOHK also noted that there would be no proposal to make a hard fork the mainnet until "ecosystem partners are free and fair," but it is expected to come in about four weeks.
The previous phase, Goguen, introduced the smart contract capabilities to Cardano, which gave financial developers (DeFi) the benefit of introducing a wide range of dapp exchanges and DeFi contracts in line with ecosystem tracker Cardano Cube.
Cardano's top $ 49.7 million total value lock (TVL) is currently Decentralized exchange (DEX) WingRider, according to DeFi data coordinator DeFi Llama.
The strong testnet fork did little to move the ADA as it rose only 0.1% in the last 24 hours to $ 0.45, according to CoinGecko.