Cardano Founder Charles Hoskinson Reveals Vasil Hard Fork Date

It has been confirmed that if everything goes according to plan and all of the bugs have been smoothed out, the Vasil hard fork should go live in the coming weeks.

During a Friday livestream from Charles Hoskinson he shared a brief update of the upgrade. He noted that things are moving along swiftly as both the developers and the community itself are conducting tests.

He also noted that there are no longer any major bugs, but only small ones.

“According to data from PoolTool, the Stake Pool Operators (SPOs) running the latest 1.35.3 now account for 55% of mainnet block production in the current epoch. This is more than halfway to the 75% required to activate Vasil on the Cardano mainnet.” (source)

Charles Hoskinson estimates the upgrade will happen “sometime in September” unless the developers run into any considerable slow-down during the process. The final decision on the specific date, that isn’t ballpark estimation, will be made in consultation with the network’s dapp development community along with the developers.

Here are some further statements made Charles Hoskinson:

“The next major lift is to get the exchanges on board. Binance is reporting that they’re currently upgrading by volume”

“generally, what happens is after a hard fork date is announced, you see a big rush and people push through.”  

“and then the rest of the exchanges will feel the urgency and they start upgrading. It’s really hard to get them otherwise — they tend to need a bit of a push for that”

The million dollar question is, will ADA soar after the Vasil hard fork? In our experience, being involved in the cryptocurrency sphere for over 5 years, maybe not. We predict ADA will most likely begin to soar leading up to the actual hard fork and also once the official-official date is set. It’s the typical “buy the rumor, sell the news” sort of scenario. Everyone gets excited for the upcoming “big thing that will happen” and buys like crazy leading up to it, then sells after the “big thing” is already complete. However keep in mind we are talking about very very short time frames and are not saying anything about the long term vision of the price.

We are not saying ADA will not explode in price, however saying that it will explode leading up to the launch, because that’s where all of the excitement exists, right before the “big thing” not after it.