Input-Output Hong Kong, the engineering blockchain firm which was behind the network of Cardano, has brought up some disappointing news.
The news also announces a one-month delay to the long-awaited upgrade of Vasil. This upgrade of Vasil is set to provide a massive improvement in the performance of ADA along with the smart contract capabilities according to Charles Hoskinson, the co-founder of ADA. The delivery date for the update was supposed to be on the 29th of June, however, the latest estimate will be set for the last week of July.
Cardano’s Hard Fork Has Been Delayed By IOHK
Nigel Hemsley, the Head of Delivery and Project for IOHK, went on to note in a blog post on Monday that the core Input-Output Global team working on the upgrade was extremely close to finalizing the work at the core. As it stands, there are still seven different bugs that remain outstanding and still need some work. Interestingly, none of them have been categorized as severe. Hemsley further noted that the work on Vasil had turned out to be the most complex program of development and integration to date- from quite a few angles.
As a result, the Cardano Foundation which is the non-profit that oversees the development of the cryptocurrency, along with the IOG team decided to send the Vasil hard fork to the testnet of ADA from the 20th of June to the 29th of June. Once the test net has been hard forked, developers from ADA-based decentralized applications and stake pool operators SPOs would have roughly four weeks before the hard fork got initiated into the mainnet.
The Vasil hard form will be the biggest upgrade to the cryptocurrency of Cardano since the hard fork of Alonzo in September, which enabled most of the smart contracts of the network. This upgrade will be set to introduce four special improvements that were dubbed CIP31, CIP32, CIP33, and CIP40.