Cardano founder says no further delays expected in Blockchain’s upgrade

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Charles Hoskinson yesterday assured Cardano users that he does not expect any further delays in the launch of the “Vasil Hard Fork”, but did not provide a rollout date.

Important points

• Cardano blockchain founder Charles Hoskinson took to YouTube on Monday to tell his 315,000 followers that he doesn’t expect any further delays in rolling out the Vasil upgrade to the network.
• The Vasil software improvement was originally planned to be deployed on Cardano’s blockchain in June, and it is expected to improve the blockchain’s scalability, speed and costs.
• Last week, Cardano’s development team posted its own YouTube update announcing that the project was a few weeks behind schedule again, after stating in mid-July that everything was on track.
• As of this morning, Cardano’s ADA coin was down more than 2.5%, trading as low as $0.4902 in the last 24 hours according to CoinMarketCap.com.

It seems these days that one of the things that changes as much as the price of cryptos is the timeline of promised upgrades to their respective blockchains. The latest rubber band report on an improvement to the crypto network comes courtesy of Cardano founder Charles Hoskinson. Yesterday, he told his 315,000 YouTube subscribers that no further delays were expected in the rollout of the Vasil software enhancement.

“The good news is that the set of things that can go wrong has become so small, and now we’re kind of in the final stages of testing in that regard. So unless something new is discovered, I don’t expect that we will have any further delays,” Hoskinson said in video footage.

However, it was only last week that the Cardano development team released a separate video stating that the Vasil deployment would be delayed by a few weeks, and that the video contradicts statements made by the Cardano team on social media two weeks prior, which showed that everything was on track.

“I mentioned before that this is the most complicated upgrade to Cardano in its history because it includes both changes to the Plutus programming language as well as changes to the consensus protocol and a number of other things,” Hoskinson said. “Things are moving in the right direction steadily and systematically and I just wanted to give you an update that everything is in good hands, this is the nature of these types of upgrades.”

At the time of writing, Cardano’s ADA coin was down more than 2.5%, trading as low as $0.4902 in the past 24 hours across cryptocurrency exchanges, according to CoinMarketCap.

Why does the Vasil hard fork mean so much to Cardano?

It is worth pointing out that the Vasil coding fix is ​​expected to improve all elements of the Cardano network, including scalability, efficiency and effectiveness. Cardano already uses a proof-of-stake (PoS) consensus method to validate network transactions, using fewer energy resources than the alternative proof-of-work (PoW) approach. Other crypto blockchains that rely on PoW consensus include Dogecoin, Ethereum, and Bitcoin. We’ll have to wait and see if Hoskinson’s prediction is correct, or if the project sees another programming delay.