A hard fork is a blockchain web connection software upgrade that validates invalid blocks and transactions.
What Is the Cardano’s Vasil Hard Fork?
It can also help to fix security loopholes in its protocol, add new features, or improve functionality.
When Will the Cardano’s Hard Fork Update Happen?
According to Cardano, the Vasil hard fork will go live on September 22, 2022.
This is about one week after theEthereum Merge transition, scheduled for completion between September 10 and 20.
Cardano’s hard fork was postponed from June 29, 2022, just like “The Merge.”
What Are the Features of the Proposed Vasil Hard Fork Update?
Vasil will feature additional CIP mechanisms, Extended Unspent Transaction Outputs (UTXO) support, and Hydra integration.
Let us review in-depth features of the Cardano Vasil hard fork update.
It will significantly lower Cardano’s transaction costs as a result.
Datums are pieces of data with attachments to outputs.
Instead of using the datum’s hash as the output, CIP 32 suggests using the actual datum.
CIP 33: Reference Scripts
Haskell is the programming language for creating an app on Cardano.
Plutus' scripts do not exist on the blockchain, which is currently a big problem for Cardano.
More data has to be transferred in each block, slowing speed and increasing costs.
You must upload the script to the blockchain each time you make a transaction.
Developers would be able to attach reference scripts to outputs thanks to CIP 33.
It will reduce transaction costs by making transactions more compact.
CIP 40: Explicit Collateral Outputs
The CIP 40 will improve Cardano’s wallet user experience.
Presently, all wallets must set collateral to interact with dApps because of the UTXO model Cardano uses.
This will enable better privacy, scalability, and more simplified transaction logic.
Will This Cardano Vasil Hard Fork Update Be a Turning Point for Cardano?
The Cardano Vasil hard fork update has repeatedly been rescheduled since June 2022.
However, Cardano has finally scheduled the Vasil mainnet update for September 22, 2022.
According to the Cardano developers, the hard fork will launch the first significant upgrade to the Plutus script.
This will all lead to cheaper fees and better privacy and scalability.
