La hard fork Cardano's Vasil is one of the most important in the history of blockchain, as it seeks to improve speed and the ability to manage smart contracts.
On September 22, the hard fork Vasil on Cardano. After several months and two delays, the long-awaited update was activated on Cardano mainnet without any issues.
Vasil brings with him a series of Improvements to scalability and the ability to manage transactions. It has also improved the capabilities of the programming language smart contracts Cardano, called Plutus, which improves the functionalities and capabilities of decentralized applications.
Beyond the updates Vasil brings to Cardano, it will also improve the functionalities and capabilities of all products built on the blockchain. For example, Plutus' new capabilities will also allow improve Djed's ability, the algorithmic stablecoin developed by COTI and Input Output Hong Kong (IOHK).
How does Vasil improve Cardano?
At the application layer, the hard fork Vasil of Cardano has as its main objective to strengthen the management of smart contracts. In this way, developers will be able to create a the best experience for both users and developers.
This leads to a more efficient development process with respect to dApps. At the infrastructure level, the numerous applications that come with the hard fork will allow Cardano to increase block size and TPS without giving up the Proof-of-Stake (PoS) consensus mechanism.
Beyond the improvements to scalability and optimization of certain features, the hard fork It also strengthens network stability and connectivity.
Why has Vasil been so important for Cardano?
Vasil makes transactions more efficient, while Improve network efficiency and reduces its latency time. With Vasil, a new system is implemented, called pipeline, what do you want improve block propagation times, while increasing transaction processing capacity.
Vasil also introduces three improvement proposals: CIP-31, CIP-32 and CIP-33.
CIP-31 introduces a new reference input mechanism that allows DApps to access transaction output data without having to recreate it, streamlining the entire process.
CIP-32 improves Cardano’s levels of decentralization with the introduction of an on-chain data storage feature for network participants.
Moreover, the CIP-33 makes transactions lighter by making changes to the system's native programming script, which speeds up processing and reduces fees.
Finally, the implementation will be carried out CIP-40 which will bring a new output transaction mechanism to help improve the transmission of blocks without full validation.
Beyond the CIPs, Vasil implements several improvements to the programming language de smart contracts Cardano native, Plutus. It also improves the security of the platform by implementing a UTXO interface model, built to resemble Bitcoin, while keeping its transaction load off-chain.
What effects will Vasil have on ADA?
The second phase of the hard fork, which will take place today, September 27, redefines the Plutus cost model, which has a direct effect on the processing power and memory needed to govern the smart contracts from Cardano.
Together with Vasil, the Cardano team has been working on a layer 2 scaling solution, called Hydra Head, which is able to process transactions outside of Cardano, while utilizing its security and settlement layer.
However, all these improvements have had hardly any effect on the price of ADA. Although analysts and experts expected the token to rise with the news of the hard fork, The effect has been imperceptible and the token has maintained a constant loss throughout the summer.
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