Cardano is a decentralised platform that will allow complex programmable transfers of value in a secure and scalable fashion. It is one of the first blockchains to be built in the highly secure Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
The developers of Cardano have delayed the hard fork Vasil due to “outstanding bugs”, although they said they are not serious.
- The delay of the Cardano update is due to “pending bugs”.
- The idea is that dApps developers participate in the testing before the hardfork.
- Cardano is expected to activate the ‘Vasil’ hard fork in late July.
Cardano is not yet ready to see its long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. awaited update ‘Vasil’ because there are still some bugs to be worked out.
The development company behind Cardano , Input Output (IOG), announced that it has delayed the deployment of the hard fork ( hardfork ) Vasil, which was initially planned for June 29th on the main network of Cardano .
“ After some consideration, we agreed NOT to send the hard fork upgrade proposal to the test network a network refers to all nodes in the operation of a blockchain at any given moment in time. today to allow more time for testing. “said the team in a blog entry published on Monday. IOG further explained that the delay was due to “ seven errors still outstanding “, although he did not rate any of them as critical.
The developers said they needed “ some outstanding items “to confirm that everything was “ performing as expected “and that “ would need a few more days ” for it.
According to the new tentative timetable, one hard fork in the testnet an alternative blockchain used by developers for testing. could happen by the end of June . For its part, Vasil’s final update on the mainnet an independent blockchain running its own network with its own technology and protocol. of Cardano could arrive in the last week of July.
Vasil: the long-awaited transition to the Basho era
Vasil is an upgrade that is expected to increase the scaling capabilities of the Cardano. It has been listed as one of the most important for the network since the Alonzo fork in September last year, as it will allow it to move into the new “Basho” era.
As he points outCrypto Briefing, Vasil comes as part of the long-planned transition from Cardano from the so-called Goguen era to the Basho era, known as the ” an era of optimisation, improving network scalability and interoperability blockchain interoperability, or cross-chain interoperability, is the ability to see and share information across multiple blockchains. “.
While previous eras focused on decentralization the handover of control from a central authority to several different custodians. and the introduction of smart contract in traditional finance, a contract is a binding agreement between two parties. In cryptocurrencies, smart contracts execute functions on the blockchain. capabilities into the network, Basho’s goal is to improve the underlying performance of Cardano to enable better support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. finance applications (DeFi).
The media also explains that the hardfork Vasil will specifically introduce four key network enhancements: CIP31, CIP32, CIP33 and CIP40. These updates are supposed to revise the logic behind some of the Plutus scripts from Cardano . Together, they are intended to reduce the size of transactions, thereby increasing network throughput throughput is how many actions can be completed in a given time frame. and reducing transaction fees.
The bifurcation is also expected to improve the problem of ” concurrencia “which has affected the scalability of DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. applications in the Cardano . It should be noted that a “hardfork” refers to a network update that causes blockchains to validate and produce new blocks with new default rules, leaving the old ones behind.
Ecosystem actors participate
En su comunicado del lunes, IOG explicó that launching the new update would require significant coordination among ecosystem stakeholders. The final decision to fork the core network of Cardano will be taken jointly with the decentralized application development community (dApp).
Criteria that will be evaluated for activating the Vasil fork include resolving any critical issues in testing, performing benchmark benchmarking is a method of comparing the performance of your asset or investment portfolio to that of similar assets to see whether there is a gap that can be bridged by increasing performance indicators. tests for the software, and informing the broader developer community to allow enough time to retest their dApps before the hard fork.
For this reason, developers are leaving four weeks between scheduled testnet and mainnet activations to allow exchanges and other ecosystem participants sufficient time to prepare.
Hoskinson: this is for dApps developers
The CEO of IOG and founder of Cardano Charles Hoskinson also addressed Vasil’s delay in a Monday broadcast, highlighting the demand that several of the network’s dApp developers had made to participate more actively in the quality control processes and testing of the fork on testnet.
“ At the end of the day, this is not a hard fork for the average Cardano user […]. has always been a hard fork specifically for dApp decentralized application, digital application that runs on a blockchain network and does not rely on a single computer. DApps are free from the control and interference of a central authority. developers”. Hoskinson said, adding further:
Julio no está muy lejos, ya sabes, y considerando todas las cosas, está en una zona aceptable en mi opinión. It’s a little frustrating because I really wanted to make sure we got something in June, but putting it on the test network I think is good enough for the developers because they’re the core component here, and that’s not going to slow down the growth of the ecosystem.
The news about the delay didn’t seem to affect the price of the native cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. of Cardano ADA, which is trading around USD $0.5 at the time of publishing, according to data from CryptoMarkets.
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Article by Hannah Estefania Perez / DiarioBitcoin
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