The Clock is Ticking
With less than 24 hours to go, the excitement for the Cardano Vasil upgrade is palpable—much like that last-minute rush for a snack when you realize you’ve binged welcomed watching too many streaming shows. The Cardano team has confirmed that all three ‘critical mass indicators’ required for this upgrade have been met, making it a go!
Ready, Set, Upgrade!
According to a Wednesday update from Input Output Hong Kong (IOHK), the company behind Cardano, 13 cryptocurrency exchanges have confirmed their readiness for the upgrade. This represents a whopping 87% of ADA’s liquidity! Talk about a solid turnout—it’s like the best block party you’ve ever been to!
Latest Stats:
- 39 exchanges upgraded (87.59% by liquidity)
- 98% of mainnet blocks are created by the updated Vasil node (1.35.3)
- Top DApps have confirmed testing and readiness
What About Coinbase?
Coinbase is the lone wolf in the crowd, listed as ‘in progress’ regarding its integration status. However, a tweet from Coinbase has hinted they’ll support the upgrade, as they plan to halt ADA transactions for maintenance during the Vasil hard fork. Fingers crossed they pull through because, let’s face it, nobody wants to miss out on their ADA funds.
A Delayed Yet Anticipated Upgrade
This is not Cardano’s first rodeo. Initially intended for a June launch, the Vasil upgrade has seen its launch date pushed back—not once but twice—thanks to some pesky bugs in the prior node version. But hey, they say good things come to those who wait…or do they? With the new Vasil node, we’re now witnessing over 98% of the mainnet blocks being created. Let the countdown begin!
Social Media Buzz
Meanwhile, buzz regarding ADA has soared by more than 35% this past week, bubbling just below Ripple and Ethereum in social media discussions, according to market intelligence from Santiment. In a time filled with market turbulence, it’s nice to see ADA getting some love. Who knew crypto could spark such conversation? Maybe next time we’ll discuss the nuances of its blockchain over coffee!
Moving Forward
Once the Vasil upgrade goes live, it will be the most significant update since the Alonzo hard fork last September, which cracked open the door for smart contracts. What can we expect this time? Faster block creation, reduced costs, and an overall performance boost. It’s kind of like upgrading from an old flip phone to the latest smartphone—life-changing!
As we gear up for the upgrade, keep an eye on ADA, whose price currently sits at $0.44. While it’s true that it’s down 3.4% in the last 24 hours and over 85% from its all-time high, let’s hope this upgrade paves the way for better days ahead. After all, with gloomy prices comes the promise of brighter upgrades!
