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Cardano Vasil Hard Fork

Event Date: Friday, September 30, 2022
Event Time: 14:00 CET

Cardano (ADA) to Launch the Vasil Hard Fork

Updated Sunday, July 31, 2022
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Cardano which is ADA coin's parent network has been growing over the 4 years of its existence, with ADA benefiting from the expansion of the network. Cardano has a roadmap of clear objectives for the future, aiming at improving further its blockchain network. After the Shelley decentralization era, Cardano proceeded with Allegra hard fork in December 2020 which added the option to lock the coins. Now it's the era of Goguen, after the Alonzo hard fork was released in September 2021. This enabled building of decentralized applications (DApps) on Cardano. Vasil hard fork’s notable feature is the introduction of pipelining, which will enhance block diffusion and therefore improve scaling. Another feature includes enhancing the CIP 31, 32, and 33. The hard fork is also going to improve the experience of developers on the Cardano blockchain.

ADA/USD Factors Affecting Cardano Prices

ADA has been bearish since November 2021 as our analysts explained in the 2021 Cardano forecast, but might see dome benefits from this update. We have seen some bullish attempts in recent weeks for Cardano, although this update might have already been priced in by the time it is announced. This means that we might see some bullish pressure in the ADA coin leading to this event.

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About Cardano Vasil Hard Fork
Cardano, which is a public blockchain platform was founded in 2015 by Ethereum co-founder Charles Hoskinson and was launched in 2017. It uses the proof-of-stake (PoS) protocol to validate transactions occurring on its network and create blocks. It is designed to reduce energy consumption during the mining/block production process. It has its own token called ADA which operates on the settlement layer and keeps track of transactions. After the Alonzo hard fork which was released in September 2021, the Vasil hard fork is set to be launched on June 30.
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