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Cover image for Cardano’s Most Crucial Upgrade for 2022, Vasil, Goes Live In Testnet
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Cardano’s Most Crucial Upgrade for 2022, Vasil, Goes Live In Testnet

Cardano (ADA) has successfully activated a testnet hardfork in preparation for the upcoming Vasil upgrade.

As hotly anticipated Vasil is live in testnet, Input-Output Global claims it would take roughly four weeks for it to be implemented on the mainnet.

Cardano Launches Vasil on Testnet: Why is This Crucial?

Cardano (ADA), a largest network running on the Proof-of-Stake consensus, has activated its major Vasil upgrade in testnet.

Vasil is to maximize scalability on Cardano by increasing throughput, speed, and efficiency for decentralized applications. What’s more, users can expect lower fees and interoperability with other blockchains.

Cardano’s Vasil upgrade is a major part of the Basho era, which comes as stage four among five big upgrades awaiting the Cardano network. In Cardano, Byron (phase 1) was mainly responsible to provide a robust foundation to the network; Shelley (phase 2) focused on decentralization; Goguen (phase 3) implemented smart contract functionality; whereas Basho (the current phase 4) is set to guarantee maximum scalability.

As stated by IOG, the community has to be β€œcomfortable and ready” before the new upgrade goes live on the mainnet. Underpinned by token ADA, Cardano nodes ecosystem is going to on-bord next generation of dApps.

*How Cardano (ADA) Price Reacts
*

After the announcement of the testnet hardfork completion was made, Cardano (ADA) gained only a little momentum. The price growth was up 0.1% over the period of 24 hours. Transaction volume also dropped by 68%, plummeting from $847.13 million to $150.64 million. Furthermore, whale transactions showed an 82% decrease due to the same reasoning.

Despite a rather underwhelming reaction to the Vasil testnet hardfork, Cardano (ADA) upgrade remains one of the most anticipated in the last few months.

*What are GetBlock’s Blockchain Nodes for Cardano?
*

GetBlock is a top-notch blockchain nodes provider for 40+ networks. GetBlock facilitates the latest blockchain technology for its clients by offering shared and dedicated blockchain nodes as a service.

Via Cardano shared nodes provided by GetBlock, users gain access to the peer-shared nodes infrastructure and can experiment with the unexplored smart contracts, driven by ADA API for the on-chain applications.

Cardano dedicated nodes, another service by GetBlock, are the perfect solution for Web3 developers looking for privately designed blockchain node infrastructure. GetBlock clients can access Cardano network via API keys designed to establish a reliable and convenient connection.

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