Tag Archives: Vasil Hardfork

Cardano (ADA) Vasil Hardfork Details Shared

The expected Vasil hardfork date for Cardano (ADA) has been announced. One of the Cardano (ADA) developers gave new information about the details of the Vasil hardfork and Cardano’s (ADA) DeFi ecosystem.

Sharing on Twitter, Cardano (ADA) developer @Soorajksaju2 shared the innovations that Vasil Hardfork, which is planned for the end of June 2022, will bring to the largest PoS network.

In his post, @Soorajksaju2 listed the Cardano Improvement Proposals (CIPs) that will come with Vasil Hardfork. According to the developer’s information, first of all, CIP 33 will reconsider the logic of how Plutus scripts are sent to the blockchain. With this process, data consumption will be reduced and the efficiency of Cardano (ADA) will be increased. With the upcoming CIP 31 upgrade, dApps will have access to transaction outputs without spending and rebuilding. This will resolve Cardano’s (ADA) one transaction per block issue that has been criticized.

With the CIP 32 upgrade, Cardano (ADA) users will be allowed to “seamlessly” store their data on the chain. Finally, with the CIP 40 upgrade, Cardano’s (ADA) DDoS protection will be enhanced, ensuring that users are protected without any loss of collateral. The date of 29 June 2022 has been given for the highly anticipated Vasil hardfork in the Cardano (ADA) ecosystem.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.