The upcoming Cardano hard fork Vasil may happen sooner than expected, as IOHK and its creator Adam Dean are very enthusiastic about it. As a result, the price of Cardano (ADA) surged by more than 3% in just two hours and by more than 5% in the last day.
Stake Pool Operator (SPO) Operations According to a recent tweet by Adam Dean, the 1.35.3 node currently accounts for 63% of blocks in the past 12 hours. IOHK also confirmed the goal of 75% block output on the 1.35.3 node to deploy the Vasil hard fork on the Cardano mainnet.
Cardano engineer Adam Dean said in a tweet on August 26 that optimism about the Vasil hard fork will happen soon. According to 12-hour chart data on PoolTool, SPOs running 1.35.3 nodes are responsible for 63% of mainnet block generation.
What happens next?
According to IOHK’s previous tweets, the Vasil hard fork will take place on Cardano after the node’s block generation reaches 75% Mainnet implementation. According to the developers, the final node version of the Cardano upgrade will be node 1.35.3.
📢 Team at IOG with @CardanoStiftung and wider The @Cardano tech community continues to collaborate to bring the #Vasil upgrade to the #Cardano mainnet. 🙌
This is the rollout status as of August 25th 🧵👇
1/13
— Input Output (@InputOutputHK) August 25, 2022
There are a total of 1.35.3 nodes running the Cardano mainnet at 57%. Developers discovered major issues during successful testing of 1.35.3 node and component integration. However, the current backlog contains a total of 9 minor defects.
Top 10 DApps must be tested on pre-production testnet against node 1.35.3, in addition at least 25 exchanges update nodes to provide 80% liquidity before Vasil hard fork sex. Several exchanges, including Binance, recently announced updates to Cardano nodes. Additionally, 4 of the top 10 DApps have been confirmed for testing with node 1.35.3.
The latest update to the Cardano price analysis shows a relatively high degree of bullish momentum. This is helped by solid support at $0.459. At least for now, most altcoins, Bitcoin and Ethereum are going through a correction. Cardano is simultaneously seeing some encouraging bullish momentum, which is encouraging news for buyers.
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Delma Wilson
Delmar is a B2B content marketer, consultant, blockchain and cryptocurrency blogger. In her spare time, she enjoys blogging, playing badminton and watching TED talks. She loves pets and shares her free time with NGOs.
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