What ADA Holders Need to Know

Cardano’s Vasil hard fork is arguably one of the most highly-anticipated upgrades for the network. The main company behind the platform – Input Output – took to Twitter today to reveal everything users need to know about it and also confirmed that it will be happening tomorrow – September 22nd.

What is Vasil Hard Thorn?

Named after the late Bulgarian mathematician – Vasil Dabov – who was a very well-known and prominent community member and contributor to Cardano, this upgrade is a significant one for the network. This is aimed at increasing its scalability and overall usability.

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

• CIP-31 (Reference Input)
• CIP-32 (Inline Datums)
• CIP-33 (Reference Script)
• CIP-40 (Collateral Output)
• Diffusion Pipelining

Also, I/O breaks down the overall changes that the protocol will go through once Vasyl goes live on the mainnet.

#Vasil comes in the month #CardanoIts fifth anniversary and Cardano significantly improves its capabilities.💪

Let’s explore it #cardanovacil 👇 pic.twitter.com/COiVfpJyR3

— InputOutput (@InputOutputHK) September 20, 2022

The hard fork will also see Plutus Script enhancements come to life, allowing many dApp developers to leverage v2 capabilities. Changes to the Plutus core (a scripting language used in Cardano’s Ledger), known as Plutus V2, will bring a “tuned Plutus interpreter and new pricing models for both Plutus V1 and Plutus V2 scripts.”

What should ADA holders do?

Input Output made it clear that “using Cardano for transactions and DApps doesn’t require a regular ADA holder to do anything, as it mostly happens behind the scenes.”

This is due to Cardano’s hard fork combinator technology which, according to the team, makes upgrades a seamless and hassle-free affair for end users.