How Close Is Cardano To The Vasil Hard Fork?

2022-8-25 02:00

Cardano has been slowly moving towards the Vasil hard fork for a couple of months now. The upgrade has, however, gone the way of the Ethereum Merge as it has now been postponed twice. Founder Charles Hoskinson attributes the delays to bugs found in the code and the team taking time out to make sure that the code is working properly. Now that that has been resolved, the Vasil hard fork moves into view for all involved.

Vasil Hard Fork Is 50% There

After fixing the node that was causing issues, Cardano announced that the Vasil hard fork was now moving according to plan. Now, the stake pool operators are now updating their nodes to version 1.35.3. This is where the majority of the work left for the Vasil hard fork lies.

For the hard fork to be completed, at least 75% of all stake pool operators are supposed to have updated their nodes to version. 1.35.3. As it stands now, only 46% of all stake pool operators have actually updated their nodes. 

This means that the Vasil hard fork is actually halfway through in this regard. Furthermore, to ensure that there is adequate liquidity for the cryptocurrency post-basil hard fork, Cardano has to make sure a sufficient number of crypto exchanges are actually upgrading too. The number currently stands at 25 mid to large-sized crypto exchanges to be onboarded for the update to take place.

ADA trending at $0.46 | Source: ADAUSD on TradingView.com

However, founder Charles Hoskinson has assured the community that there will be no more delays with the hard fork. According to him, the developers had been able to find and fix all of the major bugs causing the delays.

Cardano Price Still Struggling

Over the last couple of weeks, the price of Cardano has been struggling along with the rest of the market. While it was expected that the hype behind the Vasil hard fork would propel the price of the digital asset upward, the reverse has been the case.

After trending around $0.55 for what seemed like an eternity, ADA had begun to record some significant movement; downwards. The decline in price has pushed the cryptocurrency further down on the list of largest cryptocurrencies by market cap. ADA is now ranked 8th, just ahead of fellow smart contracts network Solana, with a market cap of $15.5 billion.

At the time of this writing, the price of ADA is trending around $0.46, with a circulating supply of 33.73 billion. The price of the digital asset is down 13.82% in the last 7 days. ADA has also plunged below its 100-day moving average. If it fails to recover above the 5-day moving average today, then it will likely test $0.4 this week.

Featured image from Zipmex, chart from TradingView.com

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Forkcoin (FORK) на Currencies.ru

$ 0.0168804 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0168804 - H: $0.0168804
Капитализация $87.143k Rank 99999
Доступно / Всего 5.162m FORK / 21m FORK

cardano fork hard vasil charles founder found

cardano fork → Результатов: 126


PrimeXBT Lists Cardano Following Alonzo Hard Fork And Smart Contract Update

Over the last several weeks, the peer-reviewed blockchain Cardano and its native crypto asset ADA have been on an absolute tear, adding to a year-to-date rally of more than 1,000% ROI. From Black Thursday 2020 lows of around two pennies, the now third-ranked cryptocurrency by market cap trades for $2 apiece, highlighting a monster 18,000% surge from the bottom.

2021-9-16 21:08


Фото:

Plutuswap Poised To Become The Next Gen-Dex On The Cardano Ecosystem

The Cardano network is set to see a big step forward as it prepares to update its blockchain through the proposed alonzo hard fork which will enable smart contract functionality. When wholly deployed, the Cardano Blockchain will be able to support systematic codes to construct and deploy “smart contracts,” that enable developers to build Dapps […]

2021-9-10 00:34