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Cardano’s Vasil Hard Fork Happens Tomorrow: What ADA Holders Need to Know

George Georgiev Sep 21, 2022 14:51
Cardano's Vasil hard fork is scheduled to take place tomorrow - September 22nd. Here's what you need to know.

Cardano’s Vasil hard fork is arguably one of the most highly-anticipated upgrades for the network. The parent organization behind the platform – Input Output – took it to Twitter today to reveal everything users need to know about it and also confirmed that it will take place tomorrow – September 22nd.

What is the Vasil Hard Fork?

Named after the late Bulgarian mathematician – Vasil Dabov – who was also a very well-known and prominent community member and contributor to Cardano, the upgrade is one of great significance for the network. It’s aimed at boosting its scalability and overall usability.

The Cardano Improvement Proposals (CIP) that are to be introduced with the hard fork include:

  • CIP-31 (Reference Inputs)
  • CIP-32 (Inline Datums)
  • CIP-33 (Reference Scripts)
  • CIP-40 (Collateral Outputs)
  • Diffusion Pipelining

In addition, Input Output has broken down the overall changes that the protocol will go through after Vasil is live on the mainnet.

The hard fork will also see Plutus script enhancements come to life, which will allow many dApp developers to leverage v2 capabilities. The changes to Plutus Core (a scripting language used in Cardano’s ledger), known as Plutus V2, will bring about a “tuned Plutus interpreter and new cost models for both Plutus V1 and Plutus V2 scripts.”

What Do ADA Holders Need to Do?

Input Output made it clear that “the regular ADA holder using Cardano for transactions and DApps doesn’t need to do anything, as it all happens mostly behind the scenes.”

This is because of Cardano’s Hard Fork Combinator technology which, according to the team, makes upgrades for end users a seamless and fuss-free affair.

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George Georgiev

Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

Tags: Cardano