$ADA: How Cardano’s Vasil Upgrade Is Making DApps ‘More Efficient and Cheaper To Run’
This article looks at two examples of how Cardano’s Vasil upgrade, which was deployed on the mainnet on September 22, is helping DApps to significantly reduce transaction size and cost.
On September 22, Input Output Global (“IOG”), the blockchain technology company behind Cardano’s R&D, announce that at 9:44 p.m. UTC on that day IOG and Cardano Foundation successfully hard forked the Cardano mainnet via the Vasil hard for combinator (HFC) event, thereby bringing “significant performance & capability enhancements” to Cardano. They also mentioned that “on September 27, at the start of the new epoch, the new Plutus V2 cost model will be active on the chain, thus opening up full #Vasil functionality for the developer community.”
#Vasil mainnet HFC event successful!🍾— Input Output (@InputOutputHK) September 22, 2022
We’re happy to announce that today, at 21:44:00 UTC, the IOG team, in collaboration with the @CardanoStiftung, successfully hard forked the Cardano mainnet via a HFC event, thus deploying new #Vasil features to the chain.
The #Vasil upgrade is the most ambitious program of work we’ve undertaken. Today is a culmination of months of hard work, not just for IOG & @CardanoStiftung teams, but for the whole community. 💪— Input Output (@InputOutputHK) September 22, 2022
Together we traveled the road to #Vasil this summer, so a huge thank you to everyone involved for the amazing collaborative effort – this upgrade wouldn’t have been possible without your continued support. Onward! 🙏— Input Output (@InputOutputHK) September 22, 2022
Then, on September 27, IOG announced that Vasil’s new features and enhancements (including node & CLI support for reference inputs, inline datums, reference scripts) as well a the Plutus V2 cost model had just become available on the Cardano mainnet. They also mentioned that “early reports from DApp developers are very promising.”
The new Plutus V2 cost model makes DApps more efficient and cheaper to run. The extent of these advantages will depend on the individual #DApp, but early reports from DApp developers are very promising.— Input Output (@InputOutputHK) September 27, 2022