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Cardano: Network performance peaks ahead of Vasil upgrade launch…Details here

Posted on December 1, 2022 by admin

Cardano: Network performance peaks ahead of Vasil upgrade launch…Details here

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Answer Cardano: Network performance peaks ahead of Vasil upgrade launch…Details here

According to tweet Rick McCracken, a member of the Cardano community and also operator of the Provisioning Pool in the Cardano Network, network synchronization of Vasil Node Filter 1.35.3 across more than 400 nodes reached a ratio of 99.77%, demonstrating a very high performance network.

Rick explains that this scale has always been in the 97 to 99% range.

Vasil’s functionality depends on the vast majority of block-producing nodes running the latest 1.35.3 version.

To start the upgrade, IOG has set a goal of 75% of the main network blocks being generated by the final Vasil Node Filter.

Read:Recovering $7.6 million worth of EOS coins that were stuck in the Ethereum network

Currently, this metric is met by more than 87% by mass.

Vasil upgrade improvements:

Vasil’s upgrade hopes to achieve significant improvements using the Hard fork combinator (HFC) approach and enhance network performance by increasing throughput, script efficiency, and reducing latency in the mass transmission.

The upgrade is also expected to boost smart contracts, which are part of the Basho phase of Cardano’s roadmap that focuses on scaling and improving the network.

Vasil HFC’s approach will offer eagerly awaited features such as propagation pipelines, improvements to Plutus, and Cardano’s core smart contract language.

Currently, several stakeholders, including SPOs, trading platforms and dApp projects, are upgrading their nodes and testing code and other Cardano components ahead of Vasil’s scheduled upgrade this month.

Cardano achieved new milestones before the Vasil upgrade, with the Cardano network setting a new milestone with over six million original mint assets on the network.

According to pool.pm data, the number of original assets issued on the Cardano blockchain is over 6 million digital assets.

Read:Why did the price of bitcoin quickly rise to the level of $ 48,500 and then close annually below $ 47 thousand?

In 2020, Charles Hoskinson, founder of Cardano, predicted that the Cardano ecosystem will grow as there will be hundreds of assets, thousands of dApps, tons of interesting projects, and a lot of unique and useful features, and this prediction appears to be already being realized. .

Read also:

Bitcoin Dominance Reaches 4-Year Low Before Ethereum Consolidation and Cardano Upgrade

The CEO of USDC Cryptocurrency Circle comments on Binance’s recent decision to remove USDC


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