What ADA Holders Need to Know

Cardano’s Vasil hard fork is arguably one of the most highly-anticipated upgrades for the network. The parent organization behind the platform – Input Output – took it to Twitter today to reveal everything users need to know about it and also confirmed 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 prominent community member and contributor to Cardano, the upgrade is one of great significance for the network. It’s aimed at boosting its scalability and overall usability.

The Cardano Improvement Proposals (CIP) that are to be introduced with the hard fork include:

• CIP-31 (Reference Inputs)
• CIP-32 (Inline Datums)
• CIP-33 (Reference Scripts)
• CIP-40 (Collateral Outputs)
• Diffusion Pipelining

In addition, Input Output has broken down the overall changes that the protocol will go through after Vasil is live on the mainnet.

#Vasil arrives in the month of #Cardano’s fifth anniversary and significantly improves Cardano’s capabilities.💪

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

— Input Output (@InputOutputHK) September 20, 2022

The hard fork will also see Plutus script enhancements come to life, which will allow many dApp developers to leverage v2 capabilities. The changes to Plutus Core (a scripting language used in Cardano’s ledger), known as Plutus V2, will bring about a “tuned Plutus interpreter and new cost models for both Plutus V1 and Plutus V2 scripts.”

What Do ADA Holders Need to Do?

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

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