News

Charles Hoskinson: “Vasil Is In The Air!”

Cardano inventor Charles Hoskinson said in a September 18 broadcast that the Vasil hard fork implementation is currently in its final stages after the hard fork combinator request was granted.

Hoskinson went on to say that the automatic process of deploying the Vasil update had begun and that we’d all be able to sit back and watch the Vasil rocket take off.

“It’s in the air right now…There’s no going back now. It’s been initiated.”

While the upgrade is set to go live on September 22, Charles Hoskinson warned that some of the upgrade impacts will not be noticeable until September 27 owing to a variety of technical reasons. Hoskinson did not divulge the reasons behind this.

The Cardano inventor also urged the community to upgrade their wallets to Daedalus 5.0.0, which has several significant changes.

Charles Hoskinson describes the update as “particularly special” since it is named after his close buddy Vasil Dabov. The Bulgarian mathematician, who was an active part of the Cardano community, died in December of last year.

“I’m glad that we’re able to immortalize his legacy forever in the Cardano ecosystem,” Hoskinson said.

Meanwhile, the Vasil update is the most ambitious Cardano improvement. It is intended to significantly increase network scalability by boosting throughput, script efficiency, and lowering latency in block transfer.

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

Harold

CoinCu News

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.

Recent Posts

Pantera Capital TON Investment Driven To Enhance P2P Payment Capabilities

Pantera Capital TON investment signals confidence in TON's scalability and ecosystem growth amid a bullish…

4 hours ago

Jack Dorsey’s Block Deducts 10% Of Monthly Profits To Buy Bitcoin

Jack Dorsey's Block initiates monthly Bitcoin investments to expand its holdings in 2024.

4 hours ago

EigenLayer Airdrop Is Now Updated After Facing Controversy From Users

The EigenLayer airdrop plan includes distributing 110 EIGEN tokens minimum, with transferability post-September 30, 2024.

4 hours ago

Gaming Excitement Moves to Solana: Why is Crashino the Premier Solana Casino?

Crashino stands distinguished, not only for its cutting-edge platform but also for its groundbreaking acceptance…

5 hours ago

Coinbase SEC Lawsuit Isn’t Over Yet, But The Exchange Remains Optimistic

Coinbase SEC lawsuit is still ongoing while the exchange remains confident, citing recent court developments.

5 hours ago

Coinbase Quarter Revenue Hits $1.64 Billion With Market Excitement

Coinbase quarter revenue in transactions skyrocketed, helping the exchange earn $1.18 billion in profit.

5 hours ago

This website uses cookies.