Cardano founder Charles Hoskinson proposes a solution to optimize the network for Vasil Hard Fork

Cardano founder Charles Hoskinson proposes a solution to optimize the network for Vasil Hard Fork

It appears that work on updating the Cardano network is entering its final phase. The CEO of the project, Charles Hoskinson called on operators to test blockchain optimization solutions.

Vasil getting closer, but Mithril first

Despite a number of impediments, the Cardano team seems to be moving closer to an event called Hard Fork Vasil. Scheduled for the end of June, the event has already been postponed several times. Its final date has not been announced, but as Cardano founder Charles Hoskinson suggests, it is expected to take place as early as September.

In order to make things run smoothly, Hoskinson called on Twitter for pool operators (SPOs), to get involved in testing Mithril.

Mithril is a solution developed by Cardano developers. Its task is to optimize the process of sharing data between applications, as well as network nodes. Without Mithril, this kind of procedure is very labor-intensive. It requires a lot of time, mainly due to the need for new nodes to download and verify each block. Meanwhile, Mithril completely removes these difficulties. The operation thus proceeds thanks to snapshots of the state of the blockchain, in a signature scheme based on the existing staking.

The nodes have met the requirements

Mithril was first presented to a wider audience at the Cardano Summit in 2021. As the team assures, the involvement of all SOPs in it will ensure that this optimization solution will achieve fully secure status. Moreover, its launch is expected to take only 40 minutes. This puts it as the best available method for this kind of improvement.

Meanwhile, we learn that one of the three requirements for launching Hard Fork Vasil has just been fulfilled. On Monday, August 29, it was reported that 75% of the nodes producing the blocks were running version 1.35.3. This percentage was the minimum required for the upgrade. At the time of writing this article, 82% of mining pools are already running in the new version. We reported on the necessity of running the new node in an article titled: “Cardano developers reach significant milestone as Vasil update testing enters final phase”. Read it if you want to know the essence of its introduction.

Exchanges and dApps also undergoing updates

For the launch of Vasil, it is also necessary that exchanges and operators of the largest decentralized applications initiate their activities in version 1.35.0. The number of integrated exchanges must be a minimum of twenty-five. At the time of this writing, only four of them have upgraded. For the rest, work is still in progress. The same number of upgrades has occurred for dApp’s. Here, on the other hand, the requirements are lower, with only 10 entities.

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

Share this article

More news


XRP outperforms Bitcoin and Ethereum

In the past week, XRP decisively outperformed its main rivals, Bitcoin (BTC) and Ethereum (ETH), in terms of capital flows. Moreover, it recorded an impressive $2.7 million…

Solana and Avalanche on the eye of investment funds

Two alternative coins, Solana (SOL) and Avalanche (AVAX), are gaining increasing interest and are successively attracting the attention of investment funds. Although bitcoin (BTC) remains the main…
All articles loaded
No more articles to load


Cryptocurrency wallets

Cryptocurrency wallets

We talked about security when trading crypto assets in an article titled “Online security“. We also mentioned how important it…
hardware wallets

Cryptocurrency hardware wallets

From the article titled “Cryptocurrency wallets” you learned about the different types of wallets. They were briefly characterized there. Let’s…
Where to buy cryptocurrency brokers

Which cryptocurrency Brokers to use

In the article “Where to Buy Cryptocurrencies (Exchanges)“, we introduced you to which exchange platforms you can purchase cryptocurrencies on.…
Trading cryptocurrencies

Trading cryptocurrency

In the cryptocurrency market, you face many opportunities to invest in cryptocurrency or buy or sell cryptocurrency. If you want…
All articles loaded
No more articles to load


All articles loaded
No more articles to load

Latest news

All articles loaded
No more articles to load