Input Output, the developer behind the Cardano blockchain, has entered the final phase before the much anticipated Vasil hard fork is released.
According to the company’s announcement on Tuesday, an update proposal has been submitted to hard fork the blockchain’s testnet, thus starting the countdown for the upcoming mainnet upgrade. Input Output said, “We have submitted an update proposal to hard fork Cardano Testnet and #Vasil We are happy to announce that we have started the countdown for the mainnet upgrade. With over 75% of testnet blocks created by the new Vasil node (1.35.0), we now have a good chain density to move forward safely. Thanks to the entire Cardano community for continued support. We couldn’t have done this without you.”
Last week, Input Output released Cardano node 1.35.0, which marked a “significant milestone” for the developers team. After involving 75% of stake pool operators, the developers ensured sufficient chain density to move forward with the Vasil testnet.
As previously reported, the hard fork was originally expected to launch this month, but its launch was delayed due to technical issues.
The Cardano developer is now targeting the end of July for the big upgrade. Input Output has repeatedly stressed that it wants to make sure the hard fork will be “safe and secure”. The community and crypto exchanges will need at least four weeks to test the hard fork before the mainnet launch.
Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.