Global I/O Developers Reveal Cardano Vasil Hard Fork Coming September 22

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While The Merge should take place in just over ten days, the hard fork of Cardano called Vasil now has a scheduled date. The highly anticipated Cardano fork will take place on September 22, approximately nine days after Ethereum transitioned from proof-of-work (PoW) to proof-of-stake (PoS).

Cardano Devs will launch Vasil on Mainnet in 19 days

The Cardano development team has unveiled a hardened date for the next hard fork of Cardano (ADA) called Vasil, following Input-Output Global (IOG) founder Charles Hoskinson explaining that it will happen in September during a live stream on Twitter last week.

On Twitter, IOG’s official social media account tell the public that the “Vasil upgrade date [was] confirmed.” The developers noted that the code base merge will follow “successful completion [and] extensive testing of all core components.

IOG further explained that the fork will be codified into the mainnet codebase on September 22. IOG went on to add:

Vasil is Cardano’s most significant upgrade to date, bringing increased network capacity and lower transaction costs. The upgrade will also bring improvements to Plutus to enable developers to build more powerful and efficient blockchain-based applications.

Cardano Founder Charles Hoskinson Says Vasil Is “Hardest Update We’ve Ever Had To Do As An Ecosystem”

IOG founder Charles Hoskinson also discussed Vasil’s hard fork date in a direct on Twitter titled “Vasil is coming September 22, 2022”. The name of the hard fork Vasil comes from a member of the Bulgarian Cardano community and mathematician, Vasil Dabov, who recently passed away.

During the live broadcast, Hoskinson noted that it was surprising that the date of the randomly chosen fork fell on Bulgarian Independence Day. Four Cardano Improvement Proposals (CIPs) are added to the Cardano Codebase (ADA).

During implementation, Vasil will anchor CIP-31 (reference inputs), CIP-32 (inline data), CIP-33 (reference scripts) and CIP-40 (collateral outputs). It was said by IOG developers last May that CIP-31 benchmark scripts will reduce ADA transaction costs.

At the time of writing after the announcement, cardano (ADA) is up 2.3% against the USD in 24 hours. ADA is up almost 10% in the past seven days, and currently ADA is the eighth largest crypto market cap with a market cap of $16 billion.

Keywords in this story

ada, Cardano, cardano (ADA), Cardano Hard Fork, Cardano Improvement Proposals, Charles Hoskinson, CIPs, crypto assets, ether, Ethereum, Ethereum (ETH), IOG, PoS, PoS blockchain, September 22, Smart Contracts, The Merge, Throughput, transaction costs, Vasil 9-22, hard fork Vasil

What do you think of the announcement by IOG and Charles Hoskinson of the launch date of the Vasil hard fork? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news manager for Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 5,700 articles for Bitcoin.com News about disruptive protocols emerging today.

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