Major issues were discovered in Cardano’s Vasil hard fork, which looks set to push the release date back to August of this year.

According to rumors circulating on the Twitter community, the Vasil hard fork – the most important upgrade of Cardano in 2022 may be delayed until August because for the hard fork to succeed, stake pool operators (SPOs) need to be able to migrate to the latest update, but with just two weeks to go before Vasil’s rollout, the SPO has yet to complete its migration.

Immediately, Cardano Ecosystem and Community Vice President at IOHK Tim Harrison responded to conjecture about an impending delay on the Vasil hard fork.

Essentially, the Vasil hard fork is intended to significantly improve scalability for Cardano and the platform’s Plutus contract. Even founder Charles Hoskinson has confidently asserted in a series of personal statements that the development situation may soon change for Cardano through the Vasil hard fork in June.

However, at the time of writing, Tim Harrison has not yet had any action on this event. While we wait for an announcement from Tim Harrison, we may need to review previous updates shared by IOHK regarding Vasil. Specifically, on June 7, IOHK announced Vasil was in the final stages of completion and the work was going smoothly.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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Blockchain

Cardano’s Vasil Hard Fork Rumor Has Been Delayed To August

Major issues were discovered in Cardano’s Vasil hard fork, which looks set to push the release date back to August of this year.

According to rumors circulating on the Twitter community, the Vasil hard fork – the most important upgrade of Cardano in 2022 may be delayed until August because for the hard fork to succeed, stake pool operators (SPOs) need to be able to migrate to the latest update, but with just two weeks to go before Vasil’s rollout, the SPO has yet to complete its migration.

Delay is good. Vasil is arguably the first hard-fork with an actually large ecosystem that goes beyond SPOs.

People need time to upgrade and integrate new features. It's no longer a matter of just upgrading a software, it's now many components across the entire Cardano ecosystem https://t.co/xtD0Mhm3dS

— KtorZ (@_KtorZ_) June 18, 2022

Immediately, Cardano Ecosystem and Community Vice President at IOHK Tim Harrison responded to conjecture about an impending delay on the Vasil hard fork.

As per mid month, we’re very close now but ultimately need to assess readiness of Dapps, exchanges, SPOs etc. We’ll have an update for everyone Monday

— Tim Harrison (@timbharrison) June 18, 2022

Essentially, the Vasil hard fork is intended to significantly improve scalability for Cardano and the platform’s Plutus contract. Even founder Charles Hoskinson has confidently asserted in a series of personal statements that the development situation may soon change for Cardano through the Vasil hard fork in June.

However, at the time of writing, Tim Harrison has not yet had any action on this event. While we wait for an announcement from Tim Harrison, we may need to review previous updates shared by IOHK regarding Vasil. Specifically, on June 7, IOHK announced Vasil was in the final stages of completion and the work was going smoothly.

✔️It is IOG’s responsibility to execute a successful upgrade / hard fork that is safe and secure. It also requires minimal disruption to exchanges and ecosystem partners – from #Dapp developers to 3rd party tools providers.
2/n ????

— Input Output (@InputOutputHK) June 7, 2022

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

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Harold

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