{"id":163895,"date":"2022-09-18T09:37:11","date_gmt":"2022-09-18T09:37:11","guid":{"rendered":"https:\/\/precoinnews.com\/?p=163895"},"modified":"2022-09-18T09:37:11","modified_gmt":"2022-09-18T09:37:11","slug":"ada-what-to-expect-from-cardanos-upcoming-vasil-upgrade","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ada-what-to-expect-from-cardanos-upcoming-vasil-upgrade\/","title":{"rendered":"$ADA: What to Expect From Cardano\u2019s Upcoming Vasil Upgrade"},"content":{"rendered":"<p>On Friday (September 16), Tim Harison, VP of Community &#038; Ecosystem at Input Output Global (\u201cIOG\u201d), the blockchain technology company behind Cardano\u2019s R&#038;D, talked about the eagerly anticipated\u00a0Vasil upgrade\u00a0(or Vasil HFC).<\/p>\n<p>On 10 December 2021, IOG Co-Founder and CEO Charles Hoskinson explained that he was going to honour his Bulgarian friend and Cardano ambassador\u00a0Vasil Stoyanov Davov\u00a0\u2014 who sadly\u00a0passed away\u00a0in his apartment in Plovdiv, Bulgaria on 3 December 2021 after a lengthy battle with pulmonary embolism\u201d \u2014 by naming the next hard fork after him. Vasil was an artist, entrepreneur, blockchain consultant, Haskell practioneer, and ginkgologist. Furthermore, it would not be an exaggeration to say that he was a highly beloved and respected member of the Cardano community.<\/p>\n<p>https:\/\/youtube.com\/watch?v=bEGCrUe378M%3Ffeature%3Doembed<\/p>\n<p>Then, on 6 June 2022, IOG paid further tribute to Vasil by releasing a beautiful short video in whichHarrison talked about Vasil\u2019s legacy.<\/p>\n<p>https:\/\/youtube.com\/watch?v=OFKrVcEg0Jc%3Ffeature%3Doembed<\/p>\n<p>On Friday (September 16), Harrison published a blog post in which he talked about what we should expect from Cardano\u2019s Vasil upgrade.<\/p>\n<p>Harrison started by saying that the Vasil upgrade, which will be deployed to the Cardano mainnet on September 22, will \u201csignificantly improves and enhances Cardano\u2019s capabilities,\u201d with \u201cnew Plutus v2 features and enhancements\u201d allowing \u201cDApp developers to create novel and exciting experiences\u201d and diffusion pipelining enabling \u201cgreater throughput and network capacity.\u201d<\/p>\n<p>He then noted that \u201cthe new capabilities (including node and CLI support for reference inputs, inline datums, reference scripts, and collateral outputs), along with a new Plutus cost model\u201d would become available on the mainnet one epoch (i.e. five days) after the Vasil HFC event; in other words, on September 27.<\/p>\n<p>According to Harrison, these are the main enhancements to Plutus:<\/p>\n<ul>\n<li><strong>Reference inputs<\/strong>\u00a0(CIP-31). \u201c<em>This upgrade enables data sharing on-chain.<\/em>\u201d <\/li>\n<li><strong>Inline datums<\/strong>\u00a0(CIP-32). \u201c<em>Transaction datums were previously attached to outputs as hashes\u2026 This simplifies how datums are used \u2013 a user can see the actual datum rather than supply it to match the given hash.<\/em>\u201c<\/li>\n<li><strong>Reference scripts<\/strong>\u00a0(CIP-33). \u201c<em>This significantly\u00a0reduces transaction size, improves throughput, and reduces script execution costs (since the script only needs to be paid for once)<\/em>.<\/li>\n<li><strong>Datums and redeemers<\/strong>. This allows developers to \u201c<em>see redeemers for all inputs rather than just the one being passed to the currently executing script.<\/em>\u201c<\/li>\n<li><strong>Data Serialisation primitive<\/strong>. This \u201c<em>reduces the overall memory and CPU costs allowing for more optimized and generic ways of data serialization.<\/em>\u201c<\/li>\n<\/ul>\n<p>As for diffusion pipelining, Harrison says that this will \u201cimprove scalability by enabling further performance improvements,\u201d and that we can expect \u201ca \u2018spike\u2019 in activity immediately following the upgrade \u2013 as the community test drives the capabilities.\u201d <\/p>\n<p>Finally, as for what lies ahead for Cardano in the next week or so, he presented the following deployment timeline: <\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptoglobe.s3.eu-west-2.amazonaws.com\/2022\/09\/Screenshot-2022-09-18-08.37.12-1.png\"><\/p>\n<p>It is worth mentioning that \u201cVasil arrives in the month of Cardano\u2019s fifth anniversary\u201d and that September 22, which is when the Vasil HFC gets triggered on the Cardano mainnet happens to be \u201cthe anniversary of the 1908 declaration of\u00a0independence of the Bulgarian state\u00a0(one of the oldest in Europe) from the Ottoman empire.\u201d<\/p>\n<p>Source: <a href=\"https:\/\/www.cryptoglobe.com\/latest\/2022\/09\/ada-what-to-expect-from-the-cardanos-upcoming-vasil-upgrade\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday (September 16), Tim Harison, VP<\/p>\n","protected":false},"author":3,"featured_media":163894,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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