It is designed to enhance Cardano’s scalability and general transaction throughput capacity in addition to boosting its decentralized applications (DApps) development capacity with the help of the hard fork combinator (HFC) approach.
On the infrastructure level, Vasil will pave the way for numerous other upcoming upgrades that aim to enable Cardano to increase its block size and TPS while simultaneously maintaining its PoS mechanism. Going forward, the improvement in the network’s stability and connectivity will also come into focus.
Exchanges Suporting Vasil
So far, the top 12 crypto exchanges by liquidity extended their support for the upgrade as per the latest data .
As of September 27, 44 cryptocurrency exchanges’ integration status shows “Ready.” These also include OKX, Gate.io, Crypto.com, Bitfinex, Bithumb, Hubo, eToro, and KuCoin, among others. Kraken is still in process of integration, while Coinbase and 21 other exchanges are marked “Not Ready.”
The upgrade was named after Bulgarian mathematician Vasil Stoyanov Dabov, a prominent member of the Cardano community, who passed away in December 2021 from pulmonary embolism.
A week after IOG and the Cardano Foundation triggered the most ambitious upgrade, other functionalities have now been made available to developers. These include – support for reference inputs, inline datums, reference scripts, collateral outputs, and a new Plutus cost model.
We’re pleased to announce that after a successful #Vasil upgrade on the 22nd of Sept, the new capabilities (including node & CLI support for reference inputs, inline datums, reference scripts), along with a new #Plutus cost model, are now available on the #Cardano mainnet!