- June 28, 2022
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Input Output, which is a platform that drives the decentralised and smart contract platform Cardano, has now released the Cardano node 1.35.0. The Input Output team has announced via a tweet, that the release of Cardano node 1.35.0 has been successful.
This development marks an important step closer to the Vasil Hard Fork. Cardano developers believe that the release of the node marks an important milestone on the path to Vasil hard fork.
The Input Output Global Team (IOG) had announced previously that the Vasil hard fork will be postponed from June 2022 to a later date owing to presence of certain minor bugs.
The developers are now in the process of preparing the release of the ADA testnet. The testnet update proposal shall be due and will come through when 75% of all stake pool operators have agreed on it. This shall make sure that there remains a required level of chain density.
Details Of Cardano Node 1.35.0
The release of the Cardano Node 1.35.0 has been a huge development for the whole ADA community. This marks an important milestone on the road to Vasil hard fork.
The IOG core developers team stated,
We are code complete on all the core Cardano software. Testing on the new Plutus v2 code (including new CIPs which significantly improve smart contract performance) has been successful, and delivered very positive results in terms of performance and improved cost
Post this development, the preparation for the testnet release has been underway. It has also been reported that the Stake Pool Operation (SPO) communities are in support of the Vasil testnet, they have specifically been informed that the new node is now ready to be deployed onto the testnet.
The developer community shall give testnet SPOs time, that is as soon as 75% of block-producing SPOs on the testnet have been upgraded.
This upgrade isn’t exactly a simple one, it could be complex and IOG assured. This is why the development team has made sure to be rigorous and meticulous.
The reason behind being so careful is that the primary concern is to make sure that there is safety and security of the ADA ecosystem along with the partners.
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Vasil Hard Fork Nears
Cardano is a proof-of-stake blockchain platform which is based on the peer-reviewed secure blockchain protocol. The secure blockchain network is what enables Cardano to be a decentralised network.
The blockchain protocol is called Ouroboros, it provides the blockchain scalability without hampering or compromising the security.
The Vasil upgrade on the blockchain shall help enhance and improve performance capabilities of the the Ouroboros-based-proof-of-stake (PoS).
The Vasil Hard Fork was scheduled to launch at the end of June but due to minor bugs the upgrade was pushed to a later date. According to the current schedule, the Hard Fork is now supposed to happen end of next month.
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Featured image from UnSplash, chart from TradingView.com
