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Input Output Global (IOG), the development company that runs the Cardano blockchain, on Monday said it will postpone the testnet of the network’s Vasil hard fork to the end of June, citing software bugs and a focus on quality and security.
Fast facts
- The engineering team is “extremely close to finalizing the core work” on the upgrade, but there are seven bugs left to resolve, according to a post by Nigel Hemsley, head of delivery and projects.
- Additional tests were added after the collapse of Terra Luna and “the stakes have never been higher” with the hard fork, Input Output Hong Kong Chief Executive Officer Charles Hoskinson said in a video on his verified Twitter page.
- Vasil is intended to improve Cardano’s underlying performance and increase scaling capabilities.
- When a blockchain hard forks, a new upgraded blockchain splits from the original, as has occurred with the first hard fork of Bitcoin to Bitcoin Cash and with Ethereum to Ethereum Classic.
- “The working assumption” is for Vasil to hit the Cardano mainnet in the last week of July, with a Vasil hard fork testnet (a test blockchain) planned for the end of June, according to Hemsley’s post, which added the company is proceeding with an “abundance of caution.”
- The price of Cardano’s ADA token rose in the past three days, but was down more than 6% on Wednesday as of press time, according to CoinGecko data.