Tim HarrisonThe VP of Community and Ecosystem at Cardano’s IOG has shared whether Vasil could trigger the mainnet launch in response to a Twitter user who asked “how long can the event take after the requested percentage is completed.” ‘
We’re tracking 3 readiness metrics:
Nodes: 75% of block producers running 1.35.3 target – SPOs making good progress
— Tim Harrison (@timbharrison) 24 August 2022
Exchange: Readiness confirmed by 80% liquidity. The reporting status of the exchanges is expected to be seen early next week.
DApps: When the Top 10 Say ‘Yes’ We Go
The question asked by a Cardano user followed a Twitter post on stake pool operators updating their nodes to the latest version 1.35.3.
At the time of publication, 41% of nodes are running on v.1.35.3 per pool tool Analytics. For Vasil implementation, 75% of nodes must be on version 1.35.3.
While there is more focus on block producers running 1.35.3, Tim Harrison highlighted other readiness metrics to consider. He noted that SPOs are currently making good progress with regard to “node readiness”, but the goal is to have 75% of block producers running 1.35.3. Speaking on the readiness of exchanges, he said that as early as next week, exchanges may start reporting their positions.
40% of Block Protocol Version 359 is ready at 1.35.3 (v7.2), up from 4% yesterday.
– Cardano Daily[@cardano_daily] 25 August 2022
At this pace, we will be able to see the Vasil Hardfork take effect @cardano Blockchain for about another week.
https://t.co/t5IEbI4TYt pic.twitter.com/lBwvqmCE49
Similarly, when the top 10 Cardano DApp Updated to the latest version, Vasil can be set to launch on the mainnet.
Vasil is getting closer
The Vasil upgrade hopes to bring more functionality, performance, scalability and interactivity to Cardano through new features and improvements.
The upgrade will enhance smart contracts and is part of the Basho phase of the Cardano roadmap, which focuses on scaling and network and ledger optimization, thus enhancing ledgers in many ways. Vasil HFC will introduce eagerly anticipated features such as spread pipelining and improvements to Cardano’s core smart contract language, Plutus.
According to the IOG, from various perspectives, work on Vasil remains the most complex program of development and integration to date. This is because apart from requiring a lot of effort from the core teams, it requires close coordination across the ecosystem.