Cardano's upgrade, dubbed the vasil upgrade, now has a firm date of Sept. 22.
should increase network capacity and lower the cost of transactions.ased applications after the upgrade.Cardano's vasil upgrade will take place on Sept. 22, according to aThe vasil upgrade is designed to increase scalability on the Cardano blockchain, while also reducing transaction costs.
The price of Cardano's native token, ada, is up 3.4% over the past 24 hours, and over 10.3% in the last seven days. This price action comes as many cryptocurrencies are lagging, with most of the top 10 cryptocurrencies by market cap down in the past week. Bitcoin is trading down 2.2% at $19,863 in the past 24 hours, while ether shed 4.4% in the same period to trade at $1,558.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Adam Morgan is The Block's markets reporter. He has been based in London for the past year, initially freelancing and working for a start-up there before beginning a fellowship at Business Insider.
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