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Cardano releases new update on testnet, how will the price react to it?

admin by admin
July 7, 2022
in IT news
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Cardano releases new update on testnet, how will the price react to it?
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Cardano is gradually going through most of the construction phases of its network. The Basho phase, the fourth of the five phases of Cardano’s development plans, is progressing. The first three phases were Goguen, Byron and Shelley, each providing smart contracts, the foundation and decentralization. Finally, Vasil, the main feature of Basho, will be introduced into Cardano’s testnet, with a focus on scalability.

Recently it became known that the Cardano network has completed the hard fork of Vasil in its testnet. This latest successful move prepares the network for the upcoming upgrade on the mainnet.

With the progressive movement, the network is expected to experience more scalability and excellent performance for all transactions. The technology company is also inviting project developers, stake pool operators and stock exchanges to test the test network.

The IOG team had planned that the Vasil upgrade would take place on the Cardano mainnet on June 29. However, later the team postponed the date. It was said that fixing all the prevailing bugs takes more time.

According to IOG’s statement, the proposal will involve the community in the project. For the final start of the upgrade in the Cardano mainnet, however, it requires the confirmed willingness of the community. The tech firm estimates that the launch will take place in a month.

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