Vasil marks the most significant upgrade to Cardano since smart contract capability was implemented in 2021.
After two delays, Cardano's Vasil upgrade was implemented yesterday, Thursday, September 22, 2022, at 21:44 pm UTC, as planned. The hard fork introduces major improvements to performance and capabilities smart contracts of the network, while preparing the blockchain for its new era focused on scalability.
El activation process of the hard fork It was announced on the official Twitter account of Input Output Hong Kong (IOHK) and was broadcast live through a Twitter Spaces, in which he was present Charles Hoskinson, co-founder of Cardano.
Among the improvements that implement Vasil, highlights the Block transmission without full validation, which means faster block creation. updates of the smart contracts and its programming language, Plutus, will also allow to improve the efficiency of the decentralized applications and that these have a lower cost.
However, the new features of Plutus scripts They will not be available until September 27th., after the current epoch (a Cardano epoch lasts five days).
In general, Vasil is seen by the community and crypto experts as one of the More complex and extensive updates that have been implemented on the network.
What's next for Cardano?
Once the update has been implemented and everything is working properly, Cardano will continue working on its Layer 2 scaling solution, Hydra.
This protocol processes transactions outside the Cardano network, although it continues to work on the Cardano blockchain, taking advantage of its security and settlement layer.
The next era or development cycle of Cardano, which will be named Basho, will focus on taking network scalability to the next level.
How has ADA reacted to the implementation of Vasil?
Although in the first 24 hours, ADA price is up 5%, The slight increase is due to the hype for the implementation of hard fork.
In general, the indicators point out that the price of ADA will not rise further and that, on the contrary, everything seems to indicate that the trend is bearish, as it has been falling below the resistance line since September 2021.
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