Cardano's Vasil upgrade has been completed. The much-awaited set-off will enable increased network capacity, higher throughput, and lower transaction costs on the peer-reviewed, proof-of-stake blockchain platform. «The Vasil hard fork moves us towards this goal by improving Cardano's foundational features, upgrading the technology's capacity to transform our traditional financial and social systems, and ultimately advancing decentralised economic empowerment,» Frederik Gregaard, CEO of the Cardano Foundation, told The Block.
The Vasil hard fork focuses on optimisation, scalability and interoperability. It is part of Cardano's Basho era — one of the critical development phases on the Cardano roadmap.
During the upgrade, Vasil required no action for regular ADA holders using Cardano for transactions and dApps as the transition happened behind the scenes.
The upgrade was initially planned for June, but the postponed upgrade also activated Plutus v2 enhancements to Cardano's smart contracts.Read more on blockchain.news