Cardano Activates Van Rossem Hard Fork
TITLE: Cardano Activates Van Rossem Hard Fork
Live market snapshot (at publish): ADA $0.1628 (-2.0% 24h)
Cardano has activated its van Rossem hard fork, upgrading the Cardano mainnet to version 11. This upgrade lays the foundation for the next major upgrade, the Dijkstra era hard fork, which will introduce Ouroboros Leios, a major scalability upgrade for Cardano.
The van Rossem hard fork is designed to lower smart contract execution costs and improve the network's efficiency.
"As well as Plutus improvements and Plutus Cost Model enhancements, this upgrade lays the foundation for the next upgrade, the Dijkstra era hard fork, which will introduce Ouroboros Leios to Cardano." — Input Output, weekly development report This upgrade is expected to have a positive impact on the Cardano ecosystem.
The activation of the van Rossem hard fork demonstrates Cardano's ability to evolve and adapt to its users' changing needs. With the upcoming Dijkstra era hard fork and Ouroboros Leios scalability upgrade, Cardano is well-positioned to remain a major player. The van Rossem hard fork's market impact is expected to be positive, particularly for the price of ADA, as it demonstrates the protocol's commitment to scalability and efficiency.
Analysis: If the van Rossem hard fork succeeds in lowering smart contract execution costs and improving network efficiency, it could positively impact the price of ADA. However, the exact impact remains to be seen, depending on factors like market sentiment and the cryptocurrency market's overall state.
The van Rossem hard fork was activated as of epoch 643, with the network transitioning to version 11. As the Cardano ecosystem evolves, further developments and upgrades, particularly the Dijkstra era hard fork and Ouroboros Leios scalability upgrade, will be important to watch.
Frequently Asked Questions
- What is the van Rossem hard fork?
- The van Rossem hard fork is a Cardano mainnet upgrade to version 11, expected to lower smart contract execution costs.
- What is Ouroboros Leios?
- Ouroboros Leios is a major scalability upgrade for the Cardano protocol, to be introduced in the Dijkstra era hard fork.
- When was the van Rossem hard fork activated?
- The van Rossem hard fork was activated on Saturday, as of epoch 643.