Input Output Global (IOG), the parent company of the Cardano (ADA) network, announced the successful implementation of the Vasil hard fork to the network. Initial response after the successful completion of the network upgrade, which was delayed several times over the summer, was positive. While Cardano (ADA) has seen an increase of close to 10% in the last 24 hours, it rose to $ 0.48, and with the partial sales that followed, the cryptocurrency was trading at $ 0.46 in the morning. The Vasil hard fork is expected to bring a significant performance boost and improvement in network capacity to the Cardano (ADA) network. The serious development of the network raises expectations that decentralized applications will increase in the Cardano (ADA) network.
Cardano network performance expected to improve
The use of hard fork combiner (HFC) method in Cardano (ADA) network upgrade is thought to bring significant improvements. In the post-upgrade period, the performance of the network is expected to improve as the throughput of the network increases, the efficiency of the script increases, and the latency in block transmission decreases. The crypto community will be watching this development carefully and looking forward to its impact on the Cardano (ADA) price.
What awaits Cardano (ADA) after Vasil's hard fork?
Over the next week, script upgrades of the network's proprietary scripting language Plutus will be available to developers on the Cardano (ADA) network. After a successful update, the Cardano (ADA) team is now focused on the Layer-2 scaling solution, the Hdyra protocol. The Hydra protocol will make the mainnet more secure and process transactions on the Cardano (ADA) Blockchain network with its settlement layer feature. It is reported that the commissioning of the Hydra protocol will take place at the end of 2022 at the earliest.