What is Cardano Vasil Hard Fork?
If you watched our video on Crypto Forks, then you probably know that hard forks are employed when crypto projects want to make a significant change to the code of the blockchain. The Cardano project is currently in the midst of preparing for a hard fork called Vasyl.
In this video we'll discuss what Cardano Vasil means, why it's necessary, ways it could influence the price of ADA and as usual, key updates to look out for.
The Cardano network was supposed to undergo a network upgrade in the form of a hard fork in June this year, but the event was postponed on a few occasions and is yet to happen.
Called Vasil, the upgrade is named after the late Bulgarian mathematician – Vasil Dabov – who was also a prominent community member of Cardano.
Part of the third development epoch of Cardano, Vasil is a very important network upgrade that’s aimed at boosting the network’s usability and scalability.
What is the Vasil fork?
The Vasil hard fork is part of Cardano's third development cycle. Named after Bulgarian mathematician and prominent Cardano community member — Vasil Dabov — the fork is meant to improve network capacity and lower transaction cost.
Will Vasil Be a Turning point for Cardano?
This is obviously a very tough question to answer, given all the complexity behind the technical side of the hard fork, as well as its importance in the network’s roadmap.
What we know is that Vasil is part of the third development epoch, but it’s also one of the two hard forks that will mark the transition towards the fourth development epoch – Basho.
So, watch this video till the end and learn more about Cardano Delays Vasil Hard Fork Update. Hope you enjoy this video!
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