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On September 23rd at 01:44 AM (Kyiv/UTC), the Input Output Global (IOG) team successfully activated the Vasil update on the Cardano mainnet. Some changes will take effect with the start of the new era – September 27th.
👉 The Vasil upgrade will bring significant performance & capability enhancements to #Cardano, from higher throughput capability via diffusion pipelining to a better developer experience with much improved script performance, efficiency & lower costs.
— Input Output (@InputOutputHK) September 22, 2022
“Vasil will significantly increase the performance and potential of Cardano – from increased throughput through diffusion pipelining [оптимизации времени распространения блоков] to improving the developer experience with faster, more efficient scripts and lower costs,” IOG said.
According to Cardanoscan, at the time of writing, the project network is operating normally and producing blocks. Ecosystem participants reported that after the activation of the update, the blockchain passed stress testing.
Hey @IOHK_Charles we are trying our hardest over here to break #Cardano but we have failed. We cannot break it. Your did it! ⭐️ #Cardano #Vasil https://t.co/IJK447dWgu pic.twitter.com/JjhitA1Fog
— Rick McCracken DIGI (@RichardMcCrackn) September 22, 2022
With Vasil, the developers introduced the second version of the Plutus scripts to the blockchain and modified the cost calculation model for each primitive, reducing its individual parameters. IOG believes that this step will reduce the cost of performing operations by 20-30%.
Vasil will enhance Cardano’s smart contract capabilities through Plutus V2 scripts and cost model, which adds greater efficiency to an already powerful smart contract platform. Ultimately, it will reduce script execution costs and transaction size, plus improve throughput. 5/6
— Frederik Gregaard (@F_Gregaard) September 22, 2022
“Vasil will extend the power of Cardano smart contracts with Plutus V2 scripts and a cost model that improves the efficiency of an already powerful platform. Ultimately, this will reduce the cost of executing scripts and the size of transactions, as well as increase throughput,” wrote Frederik Gregaard, head of the Cardano Foundation.
Recall that Cardano took 26th place among 600 global brands in the rating of emotional attachment of consumers from the MBLM agency. Bitcoin is in 30th position.
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