It has been several months since the Cardano (ADA) community has been strongly anticipating the implementation of the Hard Fork.
According to data, the implementation of the “Vasil” Hard Fork has been underway for a long period. Finally, positive reports have started coming out of the Cardano development community indicating that the Vasil Hard Fork is closing its implementation.
IOHK Provides Promising Update on Vasil
The company behind the development of the Cardano network, Input Output Hong Kong (IOHK) has recently provided an update in regards to the implementation of the Vasil upgrade.
According to the teams at IOHK, they are closer than ever with respect to the implementation of the Vasil Hard Fork.
The IOHK has recently shared an update surrounding the condition of the three critical indicators that play a role in triggering the Vasil upgrade.
IOHK Shared Latest Rollout Status
The IOHK teams behind the implementation of the Vasil upgrade have provided information on the rollout status of the Hard Fork.
The team provided an update on the rollout status of the upgrade on Thursday through their Twitter profile. IOHK currently has 265,800 followers who are eager to get an update surrounding the upgrade.
The IOHK has updated the entire Cardano community about the status of the three critical indicators responsible for the implementation of the Hard Fork.
They have revealed that it is the status of the three indicators that will determine what would be the best time to implement the Vasil upgrade.
Vasil Upgrade is taking over Cardano Blocks
The Vasil upgrade has taken over almost 75% of the total mainnet blocks. The Vasil has also been implemented on 25 exchanges that account for 80% liquidity.
Even the top decentralized applications that run through the mainnet have been upgraded by the Vasil Hard Fork.
Binance has also Upgrade Cardano Nodes
The IOHK also confirmed that several cryptocurrency exchanges have also started to upgrade their nodes to accommodate the Vasil Hard Fork.
Binance, the biggest crypto exchange in the world has also upgraded the nodes for Cardano on its platform.
For now, the IOHK is reaching out to 25 different cryptocurrency exchanges for upgrading the Hard Fork. These exchanges will need to upgrade the Cardano nodes at their end to accommodate Vasil.
If the targeted exchanges upgrade their nodes to Vasil, it would mean ADA’s 80% liquidity is all set for Vasil.
DApp Status
In terms of the DApps on the mainnet, the IOHK confirmed that they would continue working very closely with the teams responsible for operating DApps.
So far, 4 out of 10 DApps have confirmed that they are testing the Dapps against the upcoming upgrade.
