Cardano Vasil upgrade ready with all 'critical mass indicators' reached

With the countdown now under 24 hours for Cardano's most ambitious upgrade, the three steps needed to kick off the upgrade at the level expected from Vasil have been met. New

The Cardano Vasil upgrade is expected to take place in less than 24 hours on Th, with the Cardano team noting that the three "critical mass indicators" needed to trigger the upgrade have now been reached.

A Wednesday update on Twitter by the company behind Cardano, Input Output Hong Kong (IOHK), says that in the past 48 hours, 13 cryptocurrency exchanges have confirmed their readiness for the hard fork, representing over 87% of Cardano (ADA) liquidity.

With this latest addition, we have achieved all 3 critical mass indicators:

39 exchanges upgraded (87.59% by liquidity) Over 98% of mainnet blocks are now created by the Vasil node (1.35.3) TLV's top Cardano #DApps have confirmed that they are have tested and are ready — Input Output (@InputOutputHK) September 21, 2022

Of the top exchanges for ADA liquidity, Coinbase is the only exchange listed as "in progress" regarding its onboarding status, according to an ecosystem readiness page by IOHK.

However, a recent tweet from Coinbase has already hinted that it will support the fork, stating that ADA transactions will be halted for maintenance "for the Cardano Vasil hard fork".

Originally slated for a June launch, the Vasil upgrade has had its launch day rescheduled twice, most recently due to a bug discovered in the previous version of Cardano's node, which created issues of incompatibility.

With an updated Vasil node in place, over 98% of mainnet blocks are now...