The developers from IOHK have announced the activation date of the Vasil hard fork on the Cardano mainnet as September 22.

UPGRADE AT HISTORY: DATE CONFIRMED 💪
After successful completion and extensive testing of all key components as well as approval of community readiness, @cardanostiftung today can declare September 22 #Vasil upgrade on #cardano main net. 🧵$ADA
1/9

— Input Output (@InputOutputHK) September 2, 2022

Vasil is Cardano’s biggest update that should increase network bandwidth, lower transaction costs and improve security.

The hard fork will also add new features to the Plutus system for app developers.

The team expects a smooth technical transition with no downtime or interruption to hinder production. Users do not need to take any action.

The update is named after the late Cardano Ambassador, who planted more than 10,000 trees in his lifetime.

As some of you already know, this upgrade is named in honor of its name. @VStDabova #cardano Ambassador and community member who passed away leaving a remarkable legacy with more than 10,000 trees planted during his lifetime.🌳 6/7

here for you #Vasil

https://t.co/xgNzW6G5SQ 🙏

8/9

— Input Output (@InputOutputHK) September 2, 2022

To enable the update, 25 cryptocurrency exchanges, which provide about 80% of ADA liquidity, also need to update their systems. Also, 75% of the blocks need to be created by nodes with updated software.

Initially, Vasil was scheduled to be activated at the end of June 2022, but the date has been pushed back to the next month. In July, the developers updated the testnet and delayed the hard fork again.

Recall that Cardano is ranked 26th out of 600 global brands in the rating of consumers’ emotional engagement from the MBLM agency. Bitcoin was in 30th place, Uniswap and Solana – 261 and 265 respectively.

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