$ADA: IOG Says ‘Most Significant Cardano Upgrade to Date’ Is Coming on September 22

On Friday (September 2), Input Output Global (“IOG”), the blockchain technology company behind Cardano’s R&D, finally confirmed the date for the hotly-anticipated Vasil upgrade (or Vasil HFC).

On 10 December 2021, IOG Co-Founder and CEO Charles Hoskinson explained that he was going to honour his Bulgarian friend and Cardano ambassador Vasil Stoyanov Davov — who sadly passed away in his apartment in Plovdiv, Bulgaria on 3 December 2021 after a lengthy battle with pulmonary embolism” — 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.

Then, on 6 June 2022, IOG paid further tribute to Vasil by releasing a beautiful short video in which Tim Harrison, Vice President of Community & Ecosystem, talked about Vasil’s legacy.

Earlier today, IOG tweeted about the upcoming Vasil upgrade, and started by saying that “Vasil is the most significant Cardano upgrade to date, bringing increased network capacity and lower cost transactions,” and that “the upgrade will also bring enhancements to Plutus to enable devs to create more powerful and efficient #blockchain-based applications.”

It went on to say that all all three criteria for confirming ecosystem readiness — i.e. “75% mainnet blocks being created by the final Vasil node candidate (1.35.3)”; “approx. 25 exchanges upgraded (c. 80% of ada liquidity)”; and “Top 10 DApps by TVL confirming readiness” — should be met by September 22.