Cardano founder Charles Hoskinson detailed on Friday that the VasilHardFork is coming soon and noted that it may occur “sometime in September.”
One particular change, CIP-31, will reduce Cardano’s transaction costs a great deal, developers detailed a few months ago. “Reference scripts reduce your transaction costs,” the Cardano development team at Input-Output Global During the live stream, Hoskinson said Vasil will take place “sometime in September” and he further stressed that the “next major lift is to get the exchanges on board.” Hoskinson mentioned that it was difficult to make sure major exchanges and third parties upgraded.
Larger crypto exchanges pushing to upgrade, typically help smaller exchanges follow suit. Amid the discussion of a Cardano hard fork, the blockchain’s native currency has lost significant value against the U.S. dollar in recent times.