What ADA Holders Need to Know

Cardano’s Vasil hard fork is arguably one of the most anticipated upgrades on the network. The parent company behind the platform – Input Output – took it to Twitter today to reveal everything users need to know, with confirmation that it will take place tomorrow – September 22nd.

What is the Vasil hard fork?

Named after the late Bulgarian mathematician Vasil Dabov, who was also a very well-known and distinguished community member and contributor to Cardano, the upgrade has one of the most important implications for the network. It is designed to improve its scalability and overall usability.

Cardano Improvement Proposals (CIPs) that will be introduced with the hard fork include:

• CIP-31 (reference input)
• CIP-32 (Online Benchmark)
• CIP-33 (reference script)
• CIP-40 (with output)
• Diffusion pipe

Additionally, the input and output break down the overall changes that the protocol will undergo after Vasil goes live on mainnet.

#vasier month of arrival #cardano5th anniversary and significantly improved Cardano’s capabilities. 💪

let’s explore #cardanovasir 👇 pic.twitter.com/COiVfpJyR3

— Input Output (@InputOutputHK) September 20, 2022

The hard fork will also see Plutus scripting enhancements come to life, which will allow many dApp developers to take advantage of v2 features. Changes to Plutus Core, a scripting language used in the Cardano ledger, known as Plutus V2, will bring “a tweaked Plutus interpreter and a new cost model for Plutus V1 and Plutus V2 scripts.”

What do ADA holders need to do?

Input Output makes it clear that “regular ADA holders using Cardano for transactions and DApps don’t need to do anything because it all happens behind the scenes.”

This is because of Cardano’s Hard Fork Combinator technology, which, according to the team, makes upgrades seamless and hassle-free for end users.