Basho Era Progresses with ‘Vasil’ Hard Fork
The Basho Era is the era of scalability. You can read about Basho in an article I published in February 2022: The Basho Era: Scalability for Cardano in 2022.
Scaling is speed, performance and cost in the operation of a system, it is crucial for any blockchain, if it wants to maintain growth and competitiveness. Cardano’s current protocol, Ouroboros Praos, needs to work fast enough to run the myriad of decentralized applications now being implemented, or soon to be launched, on Cardano.
In a blog post published on February 28, IOG explained what changes we could expect to see in the June and October hard fork events: “Our February release is just the start. Throughout 2022 — and focused around June and October hard fork combinator (HFC) events — we will introduce an array of scaling enhancements. These include key elements of our scaling plan like pipelining, new Plutus CIPs, UTXO on-disk storage and Hydra. In combination with parameter adjustments, these features will enhance Cardano’s throughput and optimize the system to accommodate an increasing range of decentralized finance (DeFi) apps, smart contracts, and DEXs.“
In this article I will tell you about the Vasil hard fork, which corresponds to this Era, and is scheduled for June 29, according to this IOHK Tweet.
Continue reading for free in AdaPulse: Basho Era Progresses with ‘Vasil’ Hard Fork