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What Happens to Cardano’s Blockchain After the Vasil Upgrade?

Cardano will improve the Plutus smart contract language for dApp, and introduce “diffusion pipelining.”Dan Gambardello made an explanatory video about Cardano’s...
What Happens to Cardano’s Blockchain After the Vasil Upgrade? What Happens to Cardano’s Blockchain After the Vasil Upgrade?
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  • Cardano will improve the Plutus smart contract language for dApp, and introduce “diffusion pipelining.”
  • Dan Gambardello made an explanatory video about Cardano’s Vasil upgrade.
  • Gambardello explained Vasil upgrade contained three CIPs and “diffusion pipelining.”

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.

The post What Happens to Cardano’s Blockchain After the Vasil Upgrade? appeared first on Coin Edition.

See original on CoinEdition

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25-09-2022 19:25:54 (UTC+7)

EUR/USD

0.9690

-0.0146 (-1.48%)

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EUR/USD

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1.0858

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USD/JPY

143.34

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AUD/USD

0.6526

-0.0117 (-1.76%)

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USD/CAD

1.3591

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138.90

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    EUR/USD 0.9690 ↑ Buy  
    GBP/USD 1.0858 Neutral  
    USD/JPY 143.34 Buy  
    AUD/USD 0.6526 ↑ Sell  
    USD/CAD 1.3591 Neutral  
    EUR/JPY 138.90 ↑ Buy  
    EUR/CHF 0.9513 ↑ Buy  
    Gold 1,651.70 ↑ Sell  
    Silver 18.835 ↑ Sell  
    Copper 3.3485 ↑ Sell  
    Crude Oil WTI 79.43 Sell  
    Brent Oil 85.03 Sell  
    Natural Gas 6.992 ↑ Buy  
    US Coffee C 220.15 ↑ Sell  
    Euro Stoxx 50 3,348.60 ↑ Sell  
    S&P 500 3,693.23 ↑ Buy  
    DAX 12,284.19 ↑ Sell  
    FTSE 100 7,018.60 Neutral  
    Hang Seng 17,933.27 ↑ Sell  
    Small Cap 2000 1,676.17 Neutral  
    IBEX 35 7,583.50 ↑ Sell  
    BASF 39.790 Neutral  
    Bayer 49.58 ↑ Sell  
    Allianz 168.74 ↑ Sell  
    Adidas 130.96 ↑ Sell  
    Lufthansa 5.674 ↑ Buy  
    Siemens AG 98.63 ↑ Sell  
    Deutsche Bank AG 8.632 ↑ Sell  
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SJC Eximbank6,540/ 6,640
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SJC Nhatrang6,580/ 6,662
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Cập nhật 25-09-2022 19:25:57
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JPY161,93171,43
KRW14,5317,70
Cập nhật lúc 18:39:18 25/09/2022
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