Spencer Thomason Follow Apr 28
· 4 min read
Cardano has hit a major milestone in its journey to the June Hardfork Combinator Event (HFC).John Woods, director of Cardano architecture at IOG, announced that all the features to be introduced in the upgrade are now “code complete.”
Cardano’s Vasil Hardfork is on track for June Woods revealed this while speaking with Kevin Hammond, a technology manager at IOG, as part of the company’s Mid Month Update.Woods explained that all the code for the features to be included in the June upgrade can now be found on the blockchain’s GitHub repository.
“We’re code complete now.It means that we’ve actually coded all of the changes that are required for these features.They’re on GitHub, Woods said.”
However, the milestone is only one part of the journey to the upgrade.Developers are now carrying out deep quality assurance (QA) checks, which will go on for the next couple of months, to make sure everything is perfect.
When all the team is satisfied that there are no bugs, regressions, or performance slowdowns as a result of the code, integration testing will ensue, he revealed.Based on expectations, Woods estimates that the HFC event is on track to happen on June 29.
Vasil Hardfork to pack a mega punch The upgrade is a big deal for the Cardano network.
In the words of the Cardano architect, it includes features that will “make apps sing on Cardano.”
In a YouTube broadcast , CEO of IOG Charles Hoskinson remarked on several of these features.
Most notably, it will introduce pipelining which will enhance block diffusion to allow the blockchain to scale further to the point where the network ushers in input endorsers.
A slew of other features includes enhancements to CIP 31, 32, and 33, as well as the introduction of reference scripts, inline datum, and reference inputs.Combined with bug fixes for older features, the upgrade will greatly improve the developer experience for projects building on Cardano.
As the upgrade draws nearer, exchanges and partners are also gearing up to support it.
Meanwhile, the Cardano ecosystem continues to grow rapidly.This month has seen the launch of IOG’s Project Catalyst initiative in Africa.Called Ariob, it is an incubator scheme for providing funding to African start-ups.
However, the price of ADA has not seen a marked change despite the coming upgrade.ADA is trading at around $0.95, down 0.86% on the day.In the weekly timeframe, the token is down 10.4%.
What Changes Can Will The Hard Fork Bring? Hoskinson previously explained that this new hard fork would introduce several scaling improvements that include “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 addition to those changes, Cardano’s IOG team is working to offer new products and features to its users, such as a DApp store, a new lightweight wallet, and bridges that allow for moving assets from the main layer 1 chain to separate sidechains.
These sidechains will enable the creation of decentralized exchanges where users can exchange their ADAs for BTC and vice versa through incorruptible smart contracts, thus preventing the possibility of scams.
Cardano’s team is working “on insanely aggressive timelines.” According to Hoskinson, the Cardano team has hundreds of engineers working “on insanely aggressive timelines again,” contrary to what many media outlets report.
“If you listen to crypto media, if you listen to the critics of Cardano, they seem to believe that Cardano doesn’t exist.It’s all just some elaborate super scam and nothing has been built and accomplished.”
On the other hand, he noted that on May 17–18, a team of Cardano developers and third-party organizations will meet in Barcelona to discuss centrifuge levels for smart contracts and detail the accreditation process of the different wallets and the infrastructure of the project.
Running a project as big as Cardano is no easy task.
Hoskinson said that as a founder, he tries to provide universal solutions that don’t just scratch the surface of a problem but actually solve its root cause.
Conclusion: Due to the consistent decline of Cardano (ADA) price (currently at $0.95), we’re startomg to see a lot of people who are skittish about what the future looks like.But I believe, that this upcoming change is going to be a big one.
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