Cardano(ADA) Vasil Hard Fork

In the early hours of 14 May, Cardano founder Charles Hoskinson informed the community that the Vasil Hard Fork is on schedule. It would be implemented by 29 June, he said.

Vasil is the protocol upgrade which will be implemented in June 2022. Named after the late Bulgarian mathematician and prominent Cardano community member Vasil Dabov, the Vasil upgrade introduces five key mechanisms to improve the blockchain's performance: CIP-31 (Reference Inputs), CIP-32 (Inline Datums), CIP-33 (Reference Scripts ), CIP-40 (Collateral Outputs), and diffusion pipelining.

These improvements boost Cardano's usability and scalability by increasing the block size limit to fit more transactions per block. Developers will have a better experience while building on Cardano as Vasil will greatly reduce the complexity of creating and deploying DApps on Cardano.