Cardano founder Charles Hoskinson along with its developer IOG has finally announced the highly anticipated Vasil date on the mainnet. After extensive testing of all core components, and with the community readiness, the release date is set as Sept 22.
The upgrade is expected to bring enhancements to Plutus to enable devs to create more powerful and efficient blockchain-based applications.
IOG also stated that in the past 24 hours, members of the SPO and Dapp communities have expressed confidence in the readiness for the hard fork on the scheduled date.
Further in the series of tweets, the Cardano team said that is monitoring all the above metrics, thus making it possible to hand out an official launch date of the hard fork.
We’ve been tracking well against all three metrics we & cardanostiftung set for launch: 75% mainnet blocks being created by the final Vasil node candidate (1.35.3). Approx. 25 exchanges upgraded (c. 80% of ada liquidity). Top 10 DApps by TVL confirming readiness.
Founder Hoskinson who appeared in the video podcast stated that the release date coincides with Bulgaria’s independence day which coincidentally is the country the late venerable member Vasil Dabov belongs to.
Just a few days ago, he said that things are moving very quickly and hinted that if everything went well, September would be the most probable month for the launch date.
Hoskinson recently was locked in a verbal exchange with a Twitter user who said that the founder was being “ignorant” for believing that destroying ADA would mean destroying Cardano fans’ property.
Cardano’s Charles Hoskinson, “There is no magic reserve of Ada floating out there”
Hoskinson then retorted by saying there is no “magic reserve of Ada floating out there”. And that its tokens are in the hands of owners and actual people. “To burn it would require it be taken from them and destroyed.”
When asked to elaborate by another user, he explained that founders of other projects sometimes keep a stock of pre-mined coins. During periods of lower liquidity, they control and destroy to manipulate their token’s price. But, he stressed that Cardano does not control any amounts of ADA.