With the Vasil hard fork, Cardano will improve the Plutus smart contract language for dApp, reduce the latency of block transmission, and introduce “diffusion pipelining” to the blockchain. The main aim of the Vasil upgrade is to prepare the chain for scaling while giving developers more tools and access to information.
Dan Gambardello made an explanatory video on his Youtube channel Crypto Capital venture about Cardano’s Vasil upgrade. In the video, Gambardello explained Vasil upgrade contained three Cardano Improvement Proposals (CIP) and “diffusion pipelining.”
The three CIPs are CIP 30, CIP 32, and CIP 33, which revolve around datums. CIP-31 introduces a new mechanism for accessing information in datums as a reference input. CIP-32 suggests a solution that allows datums themselves to be attached to outputs instead of datum hashes. CIP-33 introduces the ability to reference a script without including it in each transaction.
For the uninitiated, Diffusion pipelining is an improvement to the consensus layer that facilitates faster block propagation. It also enables even greater gains in headroom, which will further increase Cardano’s performance and competitiveness.
Furthermore, More than 75% of stake pools were updated to the latest node version, 1.35.3, and 80% of all liquidity providers have also updated to the latest node. All of the top ten DApp developers have updated nodes, smart contracts, and websites.
At the time of writing, ADA is priced at $0.456 with a surge of 0.14% in 24 hours but experienced a fall of 1.98% in seven days.
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Source: Cryptocurrency - investing.com