Cardano’s developer, Input Output, has confirmed on Twitter today the date for the Vasil upgrade on the Cardano mainnet. After several delays and postponements, the upgrade will go live on the mainnet on September 22, following successful testing.
VASIL UPGRADE: DATE CONFIRMED ?
— Input Output (@InputOutputHK) September 2, 2022
Following the successful completion & extensive testing of all core components, plus confirmed community readiness, we along with @cardanostiftung can today announce 22nd September for the #Vasil upgrade on the #Cardano mainnet. ?$ADA
1/9
Cardano’s Vasil Upgrade is one of the most anticipated events in the space, and a confirmed date for the hard fork from the developers has made the community jubilant. The upgrade will help improve the network significantly using Cardano’s hard fork combinator (HFC) approach.
Input-output revealed that both the stake pool operators (SPOs) and Dapp communities have confirmed their readiness for the Vasil upgrade to take place by Sept. 22. The Vasil upgrade is called the most significant to date due to its various functions.
The Vasil upgrade, named after a revered and respected Cardano community member, the late Vasil St. Dabov, will enhance the network’s performance by increasing throughput, and script efficiency, and reducing latency in block transmission.
“Vasil is the most significant Cardano upgrade to date, bringing increased network capacity and lower cost transactions. The upgrade will also bring enhancements to Plutus to enable devs to create more powerful and efficient #blockchain-based applications,” noted input output
According to the developers, SPOs, developers, and exchanges are now doing final integration testing and upgrading with a node release candidate (1.35.3) now delivered and downstream components updated just before the hard fork.
Input-output has previously announced three requirements to be met before the upgrade can launch. Almost all of these requirements have been met. The first of these requirements is that at least 75% of all SPOs have upgraded to the final node version.
Secondly, the developers said that the top 10 DApps by TVL on the Cardano network would be updated to the Vasil-supported nodes. It has been confirmed that more than 70% of DApps have now confirmed successful pre-production testing.
The last of the requirements that will trigger the upgrade is that at least 25 exchanges, which represent about 80% of all ADA liquidity, will have upgraded to support the network after the hard fork.
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