Vasil Hardfork Just Around The Corner As All Eyes On Cardano

As the Cardano (ADA) ecosystem grows and evolves, its team has been working tirelessly in terms of providing important updates which outline all of the developments that regularly occur with the eventual goal of adhering to the projects roadmap. Most recently, all eyes are on the upcoming Vasil hardfork.

What can we expect?

Regarding its underlying technology, there have been significant changes to the upcoming Vasil hardfork. The hardfork is set for next month and will reportedly assist in scaling the protocol as well as drastically boost transaction throughput, volume, and liquidity.

As per Cardanos most recent status reports, the node and consensus teams have been prepping the Ouroboros protocol, which is the current consensus method on the Cardano blockchain, for the imminent hardfork since the end of April.

Furthermore, the teams have been hard at work on improving the performance features of UTXO HD, which define how the Cardano blockchain is stored, testing diffusion pipelining as well as benchmarking. Cardano has also raised its block size by 10% so as to improve network performance by an even greater extent.

A crucial time for Cardano

On May 5th, Tim Harrison, Vice President of Community and Ecosystem at Input Output, announced that Cardano was planning two developer gatherings for the end of May and around mid-June, with one scheduled to take place in Barcelona and the other in Austin, Texas.

He went on to say that the Barcelona event in particular shall focus on audit and certification, whilst the Austin event will mainly work on the projects smart contracts platform Plutus and Marlowe, a language built for developing and executing Cardanos financial contracts. Moreover, the number of Plutus Scripts surpassed 2,000 in late March of this year. As part of the previous hardfork event, these smart contracts had been deployed on the Cardano blockchain in September 2021.

Ultimately, this summer could be a make or break period for Cardano as all eyes are on Charles Hoskinson and his project. ADAs price has not been performing at the levels that many had hoped, but Cardano enthusiasts are hopeful that a rally is just around the corner thanks to the Vasil hardfork and all the other developments that have been taking place.