The Cardano Vasil upgrade, which significantly improves and expands Cardano’s capabilities, is now less than 24 hours away from being released. Top exchanges, as well as several dApps, have expressed interest. In addition, the cryptocurrency hardware wallet provider Ledger has indicated readiness for the Vasil upgrade, which is scheduled for September 22.
Ledger has always expressed support for the Cardano blockchain, so Vasil’s readiness should not surprise. Ledger Live added support for 100 more Cardano-based tokens in July. In addition, Cardano was added to Ledger Live in June, allowing users to send, receive, buy, and manage ADA directly through the platform. In April, the smart contract-compatible Cardano app version 4.0.0 for Ledger wallets was also released.
Cardano (ADA) ledger accounts are also supported on iOS and Android mobile devices.
Vasil Upgrade Will Arrive in 24 Hours
Vasil arrives in the same month as Cardano’s fifth anniversary and Alonzo’s first anniversary. As previously stated, Vasil is set to launch on September 22, with the new Vasil capabilities expected to be available exactly one epoch after the hard fork on September 27.
Vasil hopes to implement several enhancements, including Plutus script enhancements, collateral change addresses, and diffusion pipelining.
Plutus Core is a Cardano ledger scripting language. Vasil introduces Plutus V2, a new version of Plutus Core, a tuned Plutus interpreter, and new cost models for Plutus V1 and Plutus V2 scripts.
Diffusion pipelining aims to shorten block propagation times and increase throughput. This ensures that blocks can be shared with at least 95% of peers within seconds of being created.
The term “collateral” refers to the amount of money charged for script validation in phase two. Developers can create a separate address to receive the change that would result in a phase two transaction validation failure with the Vasil upgrade.