Cardano’s Vasil Upgrade Now Live, Making ADA a Worthy ‘Ethereum Killer’

Cardano’s Vasil Upgrade Now Live, Making ADA a Worthy ‘Ethereum Killer’
фото показано с : zycrypto.com

2022-9-24 13:02

After months in the making, Cardano’s Vasil upgrade is now live.The hard fork ushers in an era of “significant performance and capability” to the network.The upgrade uses a unique Hard Fork Combinator (HFC) technology which allows for sweeping improvements without system interruption.

Barely a week after Ethereum’s transition to Proof-of-Stake, Cardano (ADA) has replied to its critics with the widely anticipated Vasil upgrade as it looks to lure more projects to its network with improved features.

On Thursday, Cardano’s Vasil upgrade went live as the community watched with bated breath. The event was Cardano’s first major technological advancement since it enabled smart contract functionality back in 2021.

Input Output Hong Kong (IOHK) hailed the success of the “hardfork” as one designed to improve the network’s functionality. Vasil’s hard fork is unique for the network because, unlike other networks that either restart the chain or make the current protocol stop running, Vasil leverages Cardano’s Hard Fork Combinator (HFC) technology that ensures that “the new rules are used, and the history of the previous blocks is fully preserved.”

“The Vasil upgrade will bring significant performance & capability enhancements to Cardano, from higher throughput capability via diffusion pipelining to a better developer experience with much-improved script performance, efficiency & lower costs,” tweeted IOHK.

Other improvements resulting from the upgrade include better smart contract capability and reduced script execution costs and transaction size. The upgrade was named after Vasil St. Dabov, a former Chief Blockchain Advisor at Quanterall and a Cardano enthusiast until his passing in Dec 2021.

A steep hill for Cardano to climb

Charles Hoskinson, Cardano’s founder, was quoted saying that the Vasil upgrade was the “hardest update” the developers had worked on in the network’s history. As expected, the journey towards the upgrade was marred by two delays that dampened the enthusiasm of community members.

One of the delays in August was linked to claims that the Cardano testnet was broken. Another delay in July arose due to issues relating to stake pool operators, decentralized application (DApp) developers, and a host of other nagging challenges.

Cardano and Ethereum go head to head

After Ethereum ditched Proof-of-Work (PoW), it reduced its energy consumption by an impressive 99% and looked to rein in its skyrocketing transaction fees. The switch is a valiant attempt to put some distance between it and other competing blockchains like Solana (SOL) and Cardano.

However, the move has opened a can of worms like more PoW forks on the network and the concerns that regulatory agencies worldwide will treat it as a security. In the event of this happening, some exchanges might be forced to delist ETH from their platform or subject themselves to strict supervision by regulators.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3353.64 (+0.18%)
Объем 24H $28.903b
Изменеия 24h: -3.28 %, 7d: -13.04 %
Cегодня L: $3297.22 - H: $3370.25
Капитализация $403.964b Rank 2
Цена в час новости $ 1342.86 (149.74%)

cardano ethereum ada vasil upgrade anticipated widely

Источник: zycrypto.com

cardano ethereum → Результатов: 126


Фото:

Ethereum и Cardano остаются самыми активно разрабатываемыми протоколами блокчейна

Ethereum и Cardano занимают первое и второе место по числу активных разработчиков, при этом Cardano превзошел Ethereum по среднему количеству предложений в репозиториях Github в месяц.

2021-9-10 12:31


Американский конгрессмен купил Ethereum и Cardano на растущем рынке

За последние месяцы член Палаты представителей США от штата Алабама Барри Мур приобрел активы в Dogecoin (DOGE), Ethereum (ETH) и Cardano (ADA), следует из его отчета о раскрытии торговых операций. Согласно поданному 2 июля 2021 года документу, 5 мая конгрессмен инвестировал в Ethereum, затем последовали покупки Cardano 10, 11 и 13 числа. 13 июня Мур приобрел Dogecoin. […]

2021-7-7 12:46


Фото:

Ethereum Co-Founder Reveals Why He Is Incredibly Bullish On Polkadot & Cardano

Ethereum co-founder Anthony Di Lorio has revealed he’s a big fan of both Polygon and Cardano and is confident in both their futures on the basis of their creators’ reputations. Having been part of Ethereum’s development, Di Lorio is quite familiar with Polygon founder Gavin Wood, as well as Cardano creator Charles Hoskinson. The entrepreneur […]

2021-6-13 15:40


IOHK Unveils ERC-20 Converter Tool for Testnet, Allowing Ethereum Tokens to Migrate to Cardano

Popular ‘Ethereum killer’ Cardano is on the march again, and this time it is focusing on creating a token bridge between Ethereum and its network. Cardano Releases ERC-20 Converter In a Monday release by project manager Francisco Landino of Input-Output Hong Kong (IOHK), the development arm of the Cardano project, said that the forthcoming Alonzo […] The post IOHK Unveils ERC-20 Converter Tool for Testnet, Allowing Ethereum Tokens to Migrate to Cardano first appeared on BitcoinExchangeGuide.

2021-5-19 22:14


IOHK CEO doesn't expect those who are still 'drinking from the Ethereum Kool-Aid’ to join Cardano

Earlier this month, Galaxy Digital founder Mike Novogratz expressed curiosity about an increasingly popular altcoin – Cardano [ADA]. In addition to seeking out information, Novogratz admitted thaThe post IOHK CEO doesn't expect those who are still 'drinking from the Ethereum Kool-Aid’ to join Cardano appeared first on AMBCrypto.

2021-3-30 17:30


Cardano (ADA) Founder Sheds Light on Ethereum Classic

Cardano (ADA)–Cardano and IOHK Founder and Ethereum co-founder Charles Hoskinson has had a substantial impact on the direction of cryptocurrency. From his position in getting the second-ranked cryptocurrency by market capitalization up and running, to his creation of the Input-Output Hong Kong organization, which created Cardano ADA, Hoskinson has had has finger on the developmental […] The post Cardano (ADA) Founder Sheds Light on Ethereum Classic appeared first on Ethereum World News.

2018-7-30 22:25


Cardano Price Analysis — The intellectual’s blockchain

Cardano (ADA) has remained top-of-mind for many crypto investors despite a challenging first half of 2018. By the end of Q3 this year, it promises to be the first digital asset to deliver a truly decentralized Proof-of-Stake consensus algorithm, and with other unique features aims to challenge Ethereum's dominance of the smart contract hosting ecosystem.

2018-7-6 08:33


Создатель криптовалюты Cardano выступил в лондонском офисе Google

Соучредителя Ethereum и создатель криптовалюты Cardano Чарльз Хоскинсонрассказал о перспективах ADA в лондонском офисе Google. Сообщение Создатель криптовалюты Cardano выступил в лондонском офисе Google появились сначала на Freedman.

2018-7-1 00:07


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Price Takes a Plunge: Can Bulls Step In?

Ethereum price extended losses and dropped below the $3,680 zone. ETH is down over 7% and is showing bearish signs below the $3,550 level. Ethereum started a fresh decline below the $3,680 zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average.

Ethereum Price Falls 5%: Correction or Start of a Bigger Slide?

Ethereum price started a sharp decline below the $3,880 zone. ETH is down over 5% and is showing bearish signs below the $3,680 level. Ethereum started a fresh decline below the $3,800 zone. The price is trading below $3,680 and the 100-hourly Simple Moving Average.

Ethereum Forming A Symmetrical Pattern – Key Resistance At $4,100

Ethereum is making another attempt to break above the $4,000 level as it edges closer to its all-time highs. Despite its strong fundamentals, doubts linger in the market regarding Ethereum’s performance this cycle, with some expecting it to underperform amid stiff competition from other blockchain ecosystems.