Cardano (ADA)Crypto News

ADA Jumps 6% as Cardano Vasil Upgrade Goes Live Crypto News

ADA Jumps 6% as Cardano Vasil Upgrade Goes Live Crypto News, Crypto Trading News
After some delays in June and July, the update went out Cardano Vasil used to live, and the native cryptocurrency responded with a price increase.

The upgrade is considered the most significant for the IOG-supported Blockchain touted since the introduction of smart contracts a year ago.

  • The IOG team announced on Twitter that the Vasil hardfork at 21:44:00 UTC and outlined some of the benefits the network is expected to experience.

👉 The Vasil upgrade will bring significant power and performance improvements #Cardanofrom higher throughput capability to diffusion pipelining to a better developer experience with significantly improved script performance, efficiency and lower costs.
2/5

— Input Output (@InputOutputHK) 09/22/2022

  • The upgrade, named after a famous Bulgarian mathematician, includes several Cardano Improvement Proposals (CIP) – reference inputs (CIP-31), inline data (CIP-32), reference scripts (CIP-33), companion outputs (CIP-40) and diffusion pipeline . All this is explained in our comprehensive guide.
  • The Vasil update was supposed to be out at the end of June, but it was postponed until the end of July before being delayed again due to issues with previous Node versions.
  • Apart from Vasil, Cardano is also developing its own Layer 2 scaling solution – Hydra – which should see the light of day next year.
  • Cardano’s native cryptocurrency responded positively to the news, surging 6% daily. Consequently, ADA is currently close to $0.5. Despite the immediate jump, a more recent one report von Messari claimed the asset had already been “aggressively” priced in.
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Source: Crypto News Deutsch

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