The Cardano hard fork is ever closer as upgraded SPOs account for around 42% of the block. This is what IOHK said.
Input Output Hong Kong (IOHK), the blockchain startup behind the Cardano network, has revealed the status of three important signs that will trigger the mainnet upgrade, bringing the much-anticipated Vasil hard fork “ever closer.”
In a Twitter thread posted on August 25, IOHK updated its 265,800 followers on the latest “rollout progress” of the Vasil upgrade, including information on “three key mass indicators” that will decide when the mainnet update will take place.
This includes nodes running 1.35.3 producing 75% of mainnet blocks, roughly 25 exchanges upgrading (representing 80% of liquidity), and the top 10 significant mainnet Dapps also upgrading.
Stake Pool Operators (SPOs) operating the newest node 1.35.3 already account for 42% of mainnet block generation in the current epoch, which is more than halfway to the 75% necessary, according to the blockchain business on Thursday.
Mainnet nodes status:
↗️SPOs/nodes: SPOs running node 1.35.3 (the #Vasil release candidate) now account for 40% plus of mainnet block production in the current epoch.
📋 The metric we’re chasing is 75%.
— Input Output (@InputOutputHK) August 25, 2022
IOHK also stated that Binance, one of the world’s major exchanges, had apparently upgraded its Cardano nodes to the most recent version. The company has targeted about 25 exchanges to update its nodes, as this would account for approximately 80% of the overall liquidity of its native coin.
Concerning its mainnet decentralized apps (DApps), IOHK verified that it will continue to work closely with several of the Cardano DApp teams, with four out of ten already verifying that they are actively testing against node 1.35.3 on the pre-production testnet.
IOHK also stated that no new flaws have been discovered, leaving nine minor vulnerabilities to be addressed – none of which would result in an unexpected hard fork.
The long-awaited Vasil improvement aims to reduce transaction size while increasing network traffic and minimizing expenses.
After IOHK issued a roadmap on May 19 that called for a hard fork on June 29, the Vasil upgrade has been plagued with delays as engineers try to ensure the network transfer goes smoothly.
Cardano co-founder Charles Hoskinson has replied to accusations that the update was premature. He recommended delaying the launch for months to retest the code that was previously tested and functioning, but the DApp developers would not view this as valuable considering how long they had already waited.
The Cardano hard fork is ever closer, of that there can be no doubt. Even if some don’t like it, they can’t stop progress.
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