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Cardano Turns 5! Rolls Out The Entirety Of The Vasil Improvements

Author: Qadir AK

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Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Cardano (ADA) just completed the launch of its much-awaited Vasil hard fork on September 22. The Vasil improvements have gone live on the main net as ADA turns five this month. In addition, Input Output Global (IOG) tweeted about rolling out the Plutus V2 cost model on the chain a few days after the launch.

According to IOG, the new cost model is supposed to make decentralized applications (DApps) more efficient and cheaper. According to a blog post by IOG, several DApps, including Indigo protocol, a tokenization network, Liqwid Finance, and Maladex, a Cardano-based decentralized exchange (DEX), were waiting to take advantage of the new Plutus version.

Currently, the network is in the penultimate phase, the Basho era, an era of improved scalability. Founder Hoskinson hinted that IOG would be pushing the network into the Voltaire era next year.

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