Cardano founder Charles Hoskinson apprised the community of the latest happenings surrounding the the Vasil hard fork upgrade. Speaking via video broadcast on Aug 26, Hoskinson said things are moving along very quickly and if everything goes well without any hitches, the hard fork is most likely to happen in September.
He also revealed that IOHK will work with the Cardano community to set a date for the Vasil hard fork. Also, the team will have a meeting with the Stake Pool Operators [SPO] to get an update on preparations on their side.
He then informed that extensive testing of the 1.35.3 node are being undertaken by both developers and the community with integration and infrastructure looking healthy. Apart from a few minor bugs, there has been no major bugs so far, Hoskinson said.
In addition to that, there would be meetings held with SPOs with regards to preparations for the Vasil hard fork. Also, exchanges will be pushed to upgrade to 1.35.3 to provide liquidity.
Input Output Hong Kong (IOHK), the blockchain firm behind the Cardano network would announced the fork date after the top 5 biggest crypto exchanges by volume completes upgrading to 1.35.3 and top dApps run successful tests against node 1.35.3.
Binance recently announced upgrading to 1.35.3. Notably, the exchange make up 30%-40% of the Cardano trade volume.
IOHK also double down on the upcoming upgrade by saying that the fork is “ever closer” after revealing the details of three crucial indicators that will trigger the mainnet update.
Cardano research wing shared updates on 3 key indicators
According to the Twitter thread posted on 25 Aug, IOHK shared the latest “rollout status” with updates on “three critical mass indicators,” that will play a important role on the time of the mainnet update.
This includes having 75% of mainnet blocks produced by nodes running 1.35.3, nearly 25 exchanges have upgraded [representing 80% of liquidity] and the top ten decentralized applications [DApps] also having upgraded.
The blockchain firm also noted that Stake Pool Operators [SPOs] running the latest node 1.35.3 now account for 42% of mainnet block production in the current epoch, which is now more than halfway to the 75% required.