Has Terra Collapse Caused The Major Cardano Upgrade To Be Delayed?

Has Terra Collapse Caused The Major Cardano Upgrade To Be Delayed?

The demise of the Terra (LUNA) ecosystem, according to Cardano founder Charles Hoskinson, is mainly to responsible for the Vasil upgrade’s delay.

Hoskinson claims the upgrade is prepared, but after the failure of the stablecoin network Terra, the Cardano development team was instructed to exercise greater caution before releasing updates or products.

“We’re code-complete and what code-complete effectively means is you probably could flip the switch and get away with it. And certain projects would do that.

But what happened after the collapse of Terra (LUNA) is that I gave a directive to a lot of the engineers to say we should probably measure three times and cut once, given the nature of things.

And so additional tests were added in the Plutus suite and additional work was done for quality assurance above and beyond what we normally do for hard forks. So that was one dimension of the puzzle that made it more complicated.”

The Vasil upgrade aims to scale Cardano’s performance and expand the capabilities of the smart contract. Cardano’s smart contract platform is known as Plutus.

Vasil’s delay, according to the ADA’s creator, was also caused by decentralized application (DApp) developers’ demand for more inclusivity in the quality assurance and testing process.

“The other dimension of the puzzle was that after Consensus [crypto conference held in Austin, Texas earlier in June], we did have an enormous amount of contact with DApp developers and other people and there was a desire to be a bit more inclusive in the quality assurance process and the testing process.

So a lot of them said, ‘hey we need several weeks on testing, to be able to play around with these things.”

The Vasil update delay was disclosed earlier last week by blockchain research and development company Input Output Hong Kong (IOHK). The update will now happen during the final week of July instead of on June 29 as originally planned.

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

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News

Victor

Recent Posts

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

2 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

4 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

5 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

8 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

11 hours ago

This website uses cookies.