{"id":47793,"date":"2022-05-24T17:54:44","date_gmt":"2022-05-24T15:54:44","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=47793"},"modified":"2022-05-24T17:54:44","modified_gmt":"2022-05-24T15:54:44","slug":"these-are-the-dates-and-benefits-of-the-vasil-cardano-hard-fork-according-to-a-developer","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/these-are-the-dates-and-benefits-of-the-vasil-cardano-hard-fork-according-to-a-developer\/","title":{"rendered":"These are the Dates and Benefits of the Vasil Cardano Hard Fork According to a Developer"},"content":{"rendered":"<p style=\"text-align: justify\"><span style=\"font-weight: 400\">The expected date of the availability of <strong><a href=\"https:\/\/iohk.io\/\" target=\"_blank\" rel=\"noopener\">Cardano<\/a> Vasil Hard Fork is June 2<\/strong>, followed up by its availability of the mainnet. Based on the provision of a roadmap by <strong>Cardano\u2019s parent company, <a href=\"https:\/\/crypto-economy.com\/iohk-connects-cardano-to-bitcoin-and-ethereum-in-a-partnership-with-wolfram\/\" target=\"_blank\" rel=\"noopener\">IOHK<\/a><\/strong>, clearly states a closed public testnet phase for the <strong>end of May<\/strong>. Moreover, these details were shared by <strong>glneto<\/strong> in a <\/span><strong>Twitter thread<\/strong><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Cardano Vasil hard fork will be available on public Testnet on June 2nd (Mainnet planned for June 29th) and here is my take of its benefits from an <a href=\"https:\/\/twitter.com\/epoch_art?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@epoch_art<\/a> perspective \ud83e\uddf5<\/p>\n<p>&mdash; glneto (@glneto_) <a href=\"https:\/\/twitter.com\/glneto_\/status\/1528704338922807304?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 23, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">It will be followed by the launch of Vasil under the Cardano testnet in the <strong>first week of June<\/strong>. In addition to this, the bottom line for the <strong>implementation<\/strong> of the mainnet hard fork has been set for<strong> June 29<\/strong> of the same year. Experts believe that this Cardano update will help <strong>positively influence<\/strong> the price of <strong>ADA.<\/strong><\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-47797\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/What-is-Cardano-ADA_-by-VanticaTrading-1-1.jpg\" alt=\"Cardano ADA\" width=\"699\" height=\"300\"><\/p>\n<h2 style=\"text-align: justify\"><span style=\"font-weight: 400\">Timeline of Vasil Cardano Hard Fork and its Importance for Developers<\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">The <strong>timeline<\/strong> of the whole process, as well as its implementation, has been mentioned below.<\/span><\/p>\n<ol style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><strong>Closed Public Testnet<\/strong><\/li>\n<\/ol>\n<ul style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Early May: First Note Mainnet candidate<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Mid May: Availability of close public testnet, and testing of DApps<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Late May: Vasil Components Ready<\/span><\/li>\n<\/ul>\n<p>2. <strong style=\"text-align: justify;color: initial\">Cardano Testnet<\/strong><\/p>\n<ul style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Early June: Migration to Cardano testnet<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Mid June: Off-net components ready<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Late June: Submission of mainnet hard fork proposal<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">In addition to this, the <strong>soon-to-come Vasil update<\/strong> will start off with the introduction of <strong>four different CIPs<\/strong> as stated by IOHK. These include:<\/span><\/p>\n<ol style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">CIP-31 (Reference Inputs)<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">CIP-32 (Inline Datums)<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">CIP-33 (Reference Scripts)<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">CIP-40 (Collateral Outputs)<\/span><\/li>\n<\/ol>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Reference inputs play a major role in <strong>allowing multiple DApps<\/strong> to be read from multiple datums at the same time. Therefore, this <strong>inevitably results<\/strong> in the overall improvement of concurrency. In addition to this, incline data plays a major role when it comes to <strong>saving data on a chain<\/strong> instead of a hash. This is similar to what <strong>Cardano<\/strong> does as of now.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Furthermore, this <strong>makes it easier for developers<\/strong> to make the best possible use of these scripts, as the necessity of them including data has been completely <strong>eliminated<\/strong>. Apart from that, the main aim of these <strong>reference scripts<\/strong> is to reduce the transaction costs to a <strong>bare minimum<\/strong>. As of now, it is mandatory for the inclusion of such <strong>new scripts<\/strong> in every transaction.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Reference scrips fundamentally push these scripts into the chain. They also lend a hand when it comes to<strong> interacting with other scripts<\/strong>. As a result of this process, a <strong>noticeable decrease<\/strong> can be noted in the smart contracts interaction. Cardano\u2019s testnet is also bound to check how these changes would end up <strong>affecting overall memory consumption<\/strong>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The expected date of the availability of Cardano Vasil Hard Fork is June 2, followed up by its availability of the mainnet. Based on the provision of a roadmap by Cardano\u2019s parent company, IOHK, clearly states a closed public testnet phase for the end of May. Moreover, these details were shared by glneto in a &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"These are the Dates and Benefits of the Vasil Cardano Hard Fork According to a Developer\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/these-are-the-dates-and-benefits-of-the-vasil-cardano-hard-fork-according-to-a-developer\/#more-47793\" aria-label=\"More on These are the Dates and Benefits of the Vasil Cardano Hard Fork According to a Developer\">Read more<\/a><\/p>\n","protected":false},"author":22,"featured_media":47794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[105,70,74],"tags":[5022,4632,4712],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/47793"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=47793"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/47793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/47794"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=47793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=47793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=47793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}