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Sep 19, 2022 13:41
Vasil Fork on the Cardano network to be launched in September
The ADA blockchain update on the Cardano network is set to take place in September 2022. The developers promise that Vasil Fork will significantly expand its technical capabilities.
As Cardano's founder Charles Hoskinson stated earlier, the team has been having some issues implementing the Fork. Nevertheless, he is confident that they will be able to eliminate all the difficulties and release the update by the deadline.
Cryptocurrency exchanges are already actively preparing for the Vasil Fork. For example, the Binance platform is already upgrading its software in time to activate the Vasir Fork at its launch. Other cryptocurrency exchanges, such as Kraken and Coinbase, are doing the same. According to their estimates, over half of the technical work has already been completed.
According to Fork's developers, its launch will take place after the three to five biggest bitcoin exchanges will finish adapting their infrastructure to the requirements of the upcoming update. Also, the activation of Vasil is expected to result in the integration of new features of decentralized applications (DApps) and simplify the deployment of additional services and smart contracts.
The Henbbo Foundation is closely monitoring the ADA blockchain situation and has already prepared investment proposals for its partners in this segment for a total of $ 2.7 million. The projected yield from these projects by the end of this year is expected to be $ 5.5 million.
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