{"id":255417,"date":"2022-09-03T21:00:41","date_gmt":"2022-09-03T15:30:41","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=255417"},"modified":"2022-09-04T09:20:27","modified_gmt":"2022-09-04T03:50:27","slug":"cardano-ada-finally-attaches-a-date-to-the-vasil-upgrade-decoding-the-details","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/cardano-ada-finally-attaches-a-date-to-the-vasil-upgrade-decoding-the-details\/","title":{"rendered":"Cardano [ADA] finally attaches a date to the Vasil upgrade\u2014 Decoding the details"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">After many months of speculation, the <\/span><span style=\"font-weight: 400;\">Cardano [ADA]<\/span><span style=\"font-weight: 400;\"> Vasil <\/span><span style=\"font-weight: 400;\">upgrade<\/span><span style=\"font-weight: 400;\"> date has been finally revealed. According to Input Output, the upgrade would happen on 22 September. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This announcement comes after founder Charles Hoskinson on 26 August, had said the ADA team was <\/span><a href=\"https:\/\/twitter.com\/i\/broadcasts\/1OdKrBOVdmzKX?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1563285564178452486%7Ctwgr%5E21f1a8e783b7c8bd5667013c38561e376de8f1a2%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fdecrypt.co%2F108393%2Fcoming-soon-the-cardano-hard-fork\"><span style=\"font-weight: 400;\">waiting<\/span><\/a><span style=\"font-weight: 400;\"> on exchanges to have everything in order. With the development meant all exchanges were now pulling the switch on the update procedures.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following the revelation, development company Input Output noted that they had completed the testing phase. The company also expanded on the developers\u2019 readiness to meet the demands of the ADA community.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">VASIL UPGRADE: DATE CONFIRMED \ud83d\udcaa<br \/>Following the successful completion &amp; extensive testing of all core components, plus confirmed community readiness, we along with <a href=\"https:\/\/twitter.com\/CardanoStiftung?ref_src=twsrc%5Etfw\">@cardanostiftung<\/a> can today announce 22nd September for the <a href=\"https:\/\/twitter.com\/hashtag\/Vasil?src=hash&amp;ref_src=twsrc%5Etfw\">#Vasil<\/a> upgrade on the <a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\">#Cardano<\/a> mainnet. \ud83e\uddf5<a href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ADA<\/a><br \/>1\/9<\/p>\n<p>&mdash; Input Output Group (@IOGroup) <a href=\"https:\/\/twitter.com\/IOGroup\/status\/1565736902204002312?ref_src=twsrc%5Etfw\">September 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><strong>Usher in greatness<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">While the much-anticipated event had stalled with a series of postponements, Input Output restated that it would bring so many benefits to the ADA ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> In summary, the Vasil upgrade would bring cheaper transactions and an increase in Cardano&#8217;s network capability. This announcement comes after investment platform Robinhood <\/span><a href=\"http:\/\/ambcrypto.com\/how-ada-reacted-following-a-robinhood-listing-ahead-of-vasil-upgrade\/\"><span style=\"font-weight: 400;\">listed<\/span><\/a><span style=\"font-weight: 400;\"> ADA.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For developers, the upgrade offers an opportunity to build better decentralized applications via the ADA ecosystem. It may seem that these developers do not plan to wait until the final upgrade before they begin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Essential Cardano, projects built on the network have continued to increase. Based on its latest <\/span><a href=\"https:\/\/www.essentialcardano.io\/development-update\/weekly-development-report-as-of-2022-09-02\"><span style=\"font-weight: 400;\">report<\/span><\/a><span style=\"font-weight: 400;\">, at least one project was built everyday for the whole of August.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> This brought the total number of projects built to 1,076 at August ending from 1,045 at the end of July. Additionally, it had gone up to 1,082 from the few days in September. All of these involved six million native tokens and 49.1 million transactions in the last one week.<\/span><\/p>\n<figure id=\"attachment_255418\" aria-describedby=\"caption-attachment-255418\" style=\"width: 679px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-03-at-07.21.56.png\"><img decoding=\"async\" class=\"size-full wp-image-255418\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-03-at-07.21.56.png\" alt=\"\" width=\"679\" height=\"382\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-03-at-07.21.56.png 679w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-03-at-07.21.56-300x169.png 300w\" sizes=\"(max-width: 679px) 100vw, 679px\" \/><\/a><figcaption id=\"caption-attachment-255418\" class=\"wp-caption-text\">Source: Essential Cardano<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Despite the increased number of projects, development activity on the ADA took a big fall. Santiment <\/span><a href=\"https:\/\/app.santiment.net\/charts\/UTWUsZww__sCl\"><span style=\"font-weight: 400;\">showed<\/span><\/a><span style=\"font-weight: 400;\"> that the decrease had been in progress since 31 August. The fall may not be surprising since Cardano had confirmed slowing down and development and getting set for the final touch.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, it seemed that Cardano did most of the work between 23 August and 30 August. As for its active addresses, there has been some reaction. At press time, the ADA 24-hour active addresses had increased to 63,183.<\/span><\/p>\n<figure id=\"attachment_255419\" aria-describedby=\"caption-attachment-255419\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ADA-AADV-1.png\"><img decoding=\"async\" class=\"size-full wp-image-255419\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ADA-AADV-1.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ADA-AADV-1.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ADA-AADV-1-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ADA-AADV-1-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ADA-AADV-1-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ADA-AADV-1-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ADA-AADV-1-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-255419\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h3><strong>Where\u2019s the next stop?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Interestingly, ADA looks to be on its way to turning the update into profits for its investors. <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/cardano\/\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\"> data showed that ADA was up 3.34% to $0.47 over the last 24 hours. The cryptocurrency had also gained a similar percentage against <a href=\"http:\/\/ambcrypto.com\/category\/bitcoin-news\/\">Bitcoin [BTC]<\/a> and <a href=\"http:\/\/ambcrypto.com\/category\/ethereum-news\/\">Ethereum [ETH]<\/a>. As for its 24-hour volume, there has been a 16.90% rise to $657.19 million. So, can ADA sustain the momentum?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The odds of ADA failing may be to the disappointment of its abhors. This is because the Relative Strength Index (RSI) showed that ADA maintained solid buying momentum. Sustaining the momentum may mean investors could profit more in the short term before the upgrade is completely implemented.<\/span><\/p>\n<figure id=\"attachment_255420\" aria-describedby=\"caption-attachment-255420\" style=\"width: 1834px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ADAUSDT_2022-09-03_07-07-35.png\"><img decoding=\"async\" class=\"size-full wp-image-255420\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ADAUSDT_2022-09-03_07-07-35.png\" alt=\"\" width=\"1834\" height=\"877\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ADAUSDT_2022-09-03_07-07-35.png 1834w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ADAUSDT_2022-09-03_07-07-35-300x143.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ADAUSDT_2022-09-03_07-07-35-1024x490.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ADAUSDT_2022-09-03_07-07-35-768x367.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/ADAUSDT_2022-09-03_07-07-35-1536x734.png 1536w\" sizes=\"(max-width: 1834px) 100vw, 1834px\" \/><\/a><figcaption id=\"caption-attachment-255420\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>After many months of speculation, the Cardano [ADA] Vasil upgrade date has been finally revealed. According to Input Output, the upgrade would happen on 22 September. This announcement comes after founder Charles Hoskinson on 26 August, had said the ADA team was waiting on exchanges to have everything in order. With the development meant all<a href=\"https:\/\/ambcrypto.com\/cardano-ada-finally-attaches-a-date-to-the-vasil-upgrade-decoding-the-details\/\">Continue reading <span class=\"sr-only\">&#8220;Cardano [ADA] finally attaches a date to the Vasil upgrade\u2014 Decoding the details&#8221;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":255422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-255417","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cardano [ADA] finally attaches a date to the Vasil upgrade\u2014 Decoding the details - AMBCrypto<\/title>\n<meta name=\"description\" content=\"The Cardano [ADA] Vasil upgrade date has been finally revealed. 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