Cardano's Vasil Hardfork upgrade has deployed successfully! Find out what this means
#1
Cardano's Vasil Hardfork upgrade has deployed successfully! Find out what this means

<!-- SC_OFF --><div class="md"><p>Cardano's newest upgrade in the Basho (scaling) era is the Vasil upgrade, named after the late Bulgarian mathematician Vasil Dabov who was a respected member of the Cardano community. </p> <h2>What does the Vasil upgrade do?</h2> <p>The key component of the upgrade is to make Cardano's transaction sizes smaller. In layman's terms, previous transactions were filled with some fluff which bogged down the available space in each block. With the Vasil upgrade, each transaction takes up less space and therefore more of them can fit into blocks. This also makes running different types of Smart Contracts a lot easier than before, which was one of the main complaints from developers. </p> <p>This is because of 'reference scripts' where a transaction can include a reference to a script on a previous transaction, thus preventing the same code being written into multiple transactions. </p> <p>It's important to note that while the upgrade was executed without issue, it's because of extensive testing. Earlier this Summer, a critical flaw was found and it was uncertain whether it could be fixed in time for the previously scheduled deployment of the Vasil upgrade. </p> <hr/> <p>One more thing to remember is that this won't be a snap-of-the-fingers speed upgrade for Cardano, the Smart Contract developers must also upgrade their code too - however, a majority of developers have already signaled readiness for the Vasil hard fork so we should see some good improvements soon. </p> <hr/> <p>And to get in before everyone else (phrasing), yes, the Vasil hardfork is like adding Vasiline to the Cardano network. I'll see myself out!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/TNGSystems"> /u/TNGSystems </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xlf6q7/cardanos_vasil_hardfork_upgrade_has_deployed/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xlf6q7/cardanos_vasil_hardfork_upgrade_has_deployed/">[comments]</a></span>
Reply


Possibly Related Threads…
Thread Author Replies Views Last Post
  Scientists used AI to find and track 95K ‘cryptocurrency free giveaway’ scams on Dato 0 194 08-12-2023, 06:50 AM
Last Post: Dato
  Can Cardano whales stop ADA price from falling 20%? Dato 0 112 08-09-2023, 05:25 AM
Last Post: Dato
  Cardano DEX MuesliSwap to refund users after slippage confusion Dato 0 77 08-09-2023, 05:25 AM
Last Post: Dato
  Worldcoin struggles to find new users willing to scan iris for crypto Dato 0 63 07-27-2023, 06:40 AM
Last Post: Dato
  Nigerian central bank adds NFC upgrade to eNaira for contactless payments Dato 0 67 07-24-2023, 11:52 AM
Last Post: Dato



Users browsing this thread: 1 Guest(s)