After several delays and some setbacks, Cardano’s long-awaited Vasil upgrade finally went live on Sept. 22. From the outside looking in, the hard fork is designed to help improve the ecosystem’s scalability and general transaction throughput capacity as well as advance Cardano’s decentralized applications (DApps) development capacity.
To commemorate the event, an announcement was made by blockchain firm Input Output Hong Kong (IOHK) — which currently oversees the design, building and maintenance of the Cardano platform — just minutes after the development.
To obtain a more holistic overview of what the upgrade represents and its potential impact on Cardano (as well as the crypto ecosystem at large), Cointelegraph reached out to Shahaf Bar-Geffen, CEO of COTI, a protocol for creating decentralized payment networks and stablecoins. In his view:
“The Vasil Upgrade heralds the dawn of a new era for the Cardano ecosystem and the decentralized finance space at large. The upgrade aims to...
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