Cardano (ADA) is constantly evolving, and the Vasil hard fork is the next major update to Cardano’s network† If you believe in Cardano, it’s likely you’ve heard of Vasil a number of times. Cardano CEO Charles Hoskinson announced in March that a major upgrade was on the way. It would be Vasil hard fork, which will be implemented in June.
Not only will there be a tough fork, but Hoskinson also indicated that even more will be launched in 2022. So it could just be a good year for Cardano fans.
Below I explain to you what Vasil hard fork is and what changes this upgrade will bring† I will also give you an update on the further development of Cardano in 2022.
A brief explanation of Cardano (ADA)
Cardano is a blockchain that was conceived way back in 2015 by Ethereum’s co-founder Charles Hoskinson† This project is best known for the extensive research that goes into its development. The team behind Cardano wants to develop a blockchain that does not suffer from problems that many other blockchains have to deal with. Think security, decentralization, scalability, slow processing time, and high transaction costs.
Developers can program smart contracts on Cardano, making it possible to develop dApps, NFTs and other assets on Cardano† In all likelihood, Cardano’s blockchain will be able to process around 250 transactions per second (TPS) by 2022. This number should increase in the coming years through various updates.
In the video below, I explain in just 5 minutes what Cardano is and how Cardano works technically† I recommend watching this video if you would like to learn more about how Cardano works before reading more about Vasil hard fork.
What is Cardano’s Vasil Hard Fork?
Vasil hard fork is a new update from Cardano that takes place in June 2022† It was April 12, 2022, when Charles Hoskinson posted a video on YouTube explaining a new update from Cardano. Several updates were given in this video. Hoskinson also indicated that he will be present at the 2022 Consensus, which would take place between June 9 and 12 in Austin (Texas, USA).
More interesting was the announcement of the Vasil hard fork. The name of this update is not just taken out of thin air. The team behind Cardano named this update after the late friend and Cardano ambassador Vasil Dabovi† Cardano has often named parts after people in the past. For example, ADA comes from the world’s first computer programmer Ada Lovelace.
In the same video, Hoskinson also indicated that he is developing several new products. He was talking about one dApp store† lightweight purse and brother† With these bridges, users would have the ability to move assets from layer 1 blockchains to side chains.
Of course, the Vasil hard fork is not the first upgrade that Cardano’s network is undergoing. Later in this article I will tell you more about the different stages of Cardano development. It will therefore be clear to you in what phase we are in with the Vasil hard fork.
Are you curious about the entire video of Charles Hoskinson? You can watch the video below. This takes about 27 minutes.
What Improves Vasil Hard Fork for ADA?
Under the last hard fork (Alonzo) the network infrastructure was improved. Now the team behind Cardano is taking the next step. The Vasil hard fork should make Cardano’s network more robust and scalable† Charles Hoskinson hyped the update by saying that a “big big big big big hard fork combinator event takes place in june which is Vasil hard fork†
Cardano Improvement Proposal (CIP) 31, 32, 33 and 40 are made with Vasil hard fork:
- CIP 31: Allows dApps to use the result of a transaction without being able to copy the transaction or retransmit the output. This solves the problem where only one transaction per block could be executed (many dApp users criticized this);
- CIP 32: On-chain storage of data created by users becomes possible;
- CIP 33: The use of data over the network is reduced and the data flow is increased;
- CIP 40: This prevents users from losing ADA stored as security. This upgrade will also ensure that Cardano’s network is better protected against a DDoS attack.
I mentioned earlier that Cardano will be able to process around 250 transactions per second by 2022. The team behind Cardano would like this number to grow rapidly. Many competitors can process a larger number of transactions than Cardano†
These types of projects generally develop much faster than Cardano. This ensures that the adoption of this type of projects is also much faster in many cases. This is how many transactions Cardano’s main competitors can handle:
- Ethereum: 13-15 TPS;
- Solana: 3000 RPS;
- Binance Smart Chain: 60 RPS;
- Tezos: 40 TPS.
Cardano would like to be able to process multiple transactions without sacrificing processing time or transaction costs. That means they need to improve the scalability of blockchain. Cardano does this by using a range of Vasil hard fork techniques that are known to increase scalability.
- pipeline: This means that a large input of data is divided into several steps, where a specific piece of hardware is responsible for the execution of such a step.
- New Plutus CIPs: This update to Plutus optimizes the process from writing Plutus code to converting it to a dApp, making it much faster for users to use a dApp.
- UTXO stocks on the counter: This makes it possible to save remaining transactions, which is also known as unused transaction output (UTXO).
- Hydra: With Hydra it will be possible to establish connections between Cardano and other blockchains. Hydra is therefore a layer 2 bridge, which is why it is also called Hydra L2 Solution. Such a bridge is extremely important because it will improve Cardano’s interoperability.
When does Vasil hard fork take place?
According to Cardano’s schedule, Vasil’s hard fork will take place on June 29, 2022† Users and developers will notice a difference immediately after running the update.
It is not clear what the Vasil hard fork will do at ADA’s stock price. A large number of analysts predict that the price will rise sharply after the upgrade. Hoskinson himself is very bullish as he saw hundreds of thousands of new addresses appear in Cardano in early 2022.
The update may be delayed. Within the crypto and blockchain world, we see many upgrades being postponed, of which Ethereum is of course the undisputed number one (where the Ethereum 2.0 upgrade is delayed for up to 2 years). It is therefore wise to keep an eye on the news about the update so that you know for sure when Vasil hard fork will take place.
The development of Cardano
Cardano is a blockchain that has been under development for a long time. This is, according to some, a pain point for Cardano: many updates are promised that should make the blockchain one of the best while nothing is being done.† Vasil hard fork is not the only part that contributes to the development of Cardano. A large number of updates have already been completed in the past, and a large number of updates will be made in the future.
Why does Cardano take so long to develop?
The team behind Cardano believes it is important to do a lot of research before a blockchain can be used on a large scale. Blockchain technology is still new and in its infancy. Cardano must become a sustainable blockchain that should not suffer from major problems.
Cardano’s team includes many scientists, scientists and testers. They ensure that everything is properly examined and tested before it is rolled out on a large scale. This is to prevent major problems from being detected by the public. Consider, for example, the different ones security issues which Solana (SOL) has dealt with.
Roadmap for Cardano
Cardano already indicated in the White Paper what the development of the blockchain would look like. They have developed five different levels to represent the development of Cardano. Below you can see which five levels it is and what is performed within each level. Vasil hard fork falls under ‘Basho’†
These are the five levels of Cardano’s development:
- Bryon: Of course, the basics of Cardano are developed within the first level. Think of the Proof of Stake (PoS) consensus mechanism, but also of Cardano’s ADA coin. From here, Cardano’s network was developed more and more specifically.
- Shelley: After the foundation was laid, the network had to be decentralized. After all, this is one of the key features of blockchain technology. The notes were merged into different groups of participants. As a result, there were no large nodes that had more to say than other nodes (such as mine pools).
- goguen: Gogu allowed developers to use smart contracts. Because they could program smart contracts, it was possible to develop dApps on the Cardano blockchain. Alonzo’s hard fork was the upgrade that made it possible to add smart contracts to Cardano’s blockchain.
- basho: The scalability of the network needs to be improved in Basho. Cardano wants to do this using side chains, pipelining and new Plutus CIPs. The Vasil hard fork is an important part of Basho, thus contributing to a better scalability of the Cardano.
- Voltaire: A large group of people will be happy when Cardano has reached the last part of the roadmap. Within this level, a voting system and treasury are added to the blockchain. The voting system must ensure that ADA token holders can participate in decisions about the future of blockchain. They can also interrupt the ADA to fund development within the Cardano blockchain and contribute to a more secure network.
Cardano is constantly evolving. After all, that’s what blockchain is known for. In the summer of 2022, there will be a new major update to improve the scalability of the network. This update is called Vasil hard fork and implements Cardano Improvement Proposal (CIP) 31, 32, 33 and 40† According to Charles Hoskinson, this is one of the most important upgrades we will see at Cardano in the near future.
Should the upgrade succeed, Cardano’s network will see a lot of improvements. Not only is blockchain easier to use, but it can also have a positive impact on the price of ADA (though of course it is never safe).
If you believe in how the successful future of Cardano works, you can buy the ADA cryptocurrency. This is Cardano’s original cryptocurrency. Always do your own research before making a purchase decision. This way, you can base your choice on research and learn from possible mistakes you make.
Hopefully after reading this article you will know more about what Vasil hard fork from Cardano is and how it works† Want to know more about what Cardano is, ADA cryptocurrency or other projects after reading this article? Then ask your questions in our AllesAboutCrypto Facebook group and our experts will answer all your questions.
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