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Top Crypto News Today: Cardano Vasil Hard Fork Coming in September Amid Ethereum Merge!

Top Crypto News Today: Cardano Vasil Hard Fork Coming in September Amid Ethereum Merge!

The long awaited crypto updates are coming to an end by 2022! The Ethereum Merge, that started its process of transition from its Proof of Work consensus mechanism to its Proof of Stake consensus mechanism back on 2020 is finally at its last stage and is set to be completed by September 2022, as per the ETH developers’ comments. 

Along with the ETH Merge, Cardano’s Vasil Hard Fork has also been an exciting event for the crypto community! Being one of the most interesting crypto project, since its launch, Cardano (ADA) was scheduled to launch its hard fork way back, but due to certain bugs within the chain, there has been delays in the upgrade. 

However, Cardano Vasil Hard Fork Coming In September Amid Ethereum Merge – Says Cardano Founder Charles Hoskinson

Updates on the Cardano Vasil Hard Fork

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According to the U.Today report, users of the Cardano blockchain can now keep a track of the progress of Vasil through a page created by IOG. This page is built specifically for the communication of Vasil readiness. The data presented on the page will be updated on Tuesdays and Thursdays, by 4 p.m. UTC. Thus, it urges users to get the very latest “live” figures on Vasil from PoolTool or Cexplorer.

As per the report from U.Today, Vasil functionality is dependent on the vast majority of block-producing nodes running the latest 1.35.3 version. To trigger the upgrade, 75% of mainnet blocks must be created by the final Vasil node candidate (1.35.3). According to IOG’s report, 48% of mainnet blocks have been created by the Vasil node as of Aug. 26. To trigger the mainnet hard fork event, IOG and the Cardano Foundation have set a metric of approximately 25 exchanges (representing 80% of liquidity) being upgraded.

Source: U.Today

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