Cardano Vasil Upgrade cuts gas fees by almost 50% and transaction space increases 10x - ADA Decentralized Exchange
According to a decentralized exchange (DEX), Cardano's Vasil hard fork has had a significant impact on the network's efficiency.
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MuesliSwap, a DEX built for Cardano, says that the upgrade reduced transaction size from 14.73 kB to 1.31 kB and gas fees from 1.44 ADA to 0.73 ADA.
Cardano creator Charles Hoskinson touts the numbers cited by the exchange.
“Save 10 times the space for half the cost. I call it innovation.”
The Vasil hard fork is designed to increase the scalability of the Cardano network. It was launched on September 22.
Explain to Cardano Input Output Hong Kong (IOHK) development team,
“The Vasil upgrade will bring significant performance and capacity improvements to Cardano, from increased capacity through the broadcast pipeline to a better developer experience with improved scripting, performance and efficiency to significant improvements and lower costs.”
IOHK also noted that "Plutus V2 functionality" became available to developers on the Cardano mainnet on September 27.
“DApps [decentralized applications] using Plutus V2's new scripts and costing model have seen the power of the Vasil update. New features and enhancements in Plutus V2 enable DApp developers to create new and exciting experiences, and the streaming channel unlocks the potential for increased network capacity and performance. "
ADA is trading at $0.437344 at press time. The eighth-ranked crypto asset by market capitalization is down 0.6% in the past 24 hours.
Oct 01, 2022