According to IO, the Cardano testnet will undergo adjustments on July 3 and the mainnet will experience the Vasil hard fork four weeks later.
The Cardano blockchain's creator, Input-Output (IO), declared today that the long-awaited proposal for an update to hard fork the Cardano testnet has been submitted.
The Vasil hard fork's modifications are scheduled to take effect on July 3
The Vasil hard fork has been one of the most eagerly anticipated events in the Cardano community as it is expected to offer speed and scaling improvements to the Cardano network.
Cardano will be updated with new technology through the Vasil hard fork, enabling more effective block propagation and better data storage.
Cardano's "largest and finest" upgrade to date, according to IO, which also promises much enhanced script performance, efficiency, and significantly cheaper costs.
"It is also the most complicated work program we have ever attempted. The entire community is also participating."
By June 28, the newly deployed Vasil node was producing more over 75% of testnet blocks, which was deemed sufficient by IO to securely move forward with the upgrade.
After the start of epoch 215 on July 3 at 20:20 UTC, all of the modifications Vasil brought into play will go into effect.
Staking pool operators (SPOs), developers, and exchanges will take about four weeks to test and update once the Vasil hard fork is implemented to the Cardano testnet before the Cardano mainnet is hard forked.
We'll use the same procedure to upgrade the mainnet to Vasil once everyone is at ease and prepared, according to IO in a tweet.
Less than a week ago, IO said that it had postponed the Vasil hard fork because of lingering bug problems.
None of the flaws were deemed "serious" at the time, but the corporation opted to give testing extra time and moved the mainnet release date to the final week of July.