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Diffusion Pipelining

Cardano’s New Vasil “Capabilities” Will Become Available On Sept 27

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Cardano’s long-awaited Vasil Update is now only a few hours away which promises to enhance smart contract capabilities, increase the chain’s throughput and reduce costs. In its most recent tweet, the blockchain R&D company IOHK described what to anticipate after the hard fork.

Vasil is a component of the third development cycle for Cardano. The fork is named after notable Cardano community member and Bulgarian mathematician Vasil Dabov.

Interestingly the update arrives in the month of ADA’s fifth anniversary which it claims would significantly improve the PoS network’s capabilities.

First, the blog talks about the native smart contract language called Plutus. As the core component of Cardano, Plutus is tasked to segregate the on-chain transaction validation from the off-chain code that powers smart contracts. This off-chain code runs on a user’s computer.

The new Plutus v2 features will be accessible one epoch following the hard fork on Thursday, which is anticipated to take place on September 27, the thread read.

Other enhancements post-Vasil will include “diffusion pipelining,” a technique that scales up block propagation times leading to higher throughput. The goal of this upgrade is to ensure that blocks can be shared [propagated] in the network within five seconds after their creation.

According to the blog post, this scaling enhancement will speed up the process of communicating information about newly formed blocks among network participants. It also provides more space for block size and together with Plutus script improvements, creates a more scalable setting overall.

Cardano’s DeFi TVL Grew By A Whopping 565,000%

Data from DeFi data tracker DefiLlama suggested that Aada Finance, a noncustodial lending protocol on the Cardano mainnet, recently tapped a staggering growth in Total Value Locked [TVL]. As per reports, Aada Finance recorded a growth of 565,873% over the past week.

After months of open testnet use, Aada Finance, a groundbreaking platform that enables lending and borrowing of native Cardano assets, went live on the mainnet exactly a week ago, on September 13.

The lending platform asserts that the pre-Vasil hard fork sentiment exactly matches the debut of the V1 protocol, which is why it decided to do so before the much-awaited upgrade.

Cardano’s Vasil Fork Is Successfully Deployed On Testnet; What’s Next

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The Cardano’s Vasil Upgrade is now live on the testnet, IOG noted while calling on stake pool operators [SPO] developers and exchanges to commence their final testing and integration processes before the mainnet hard fork in 4 weeks.

“The teams at @cardanostiftung & IOG will be working closely with exchanges and DApp/tool developers throughout this process. As soon as we are confident ecosystem partners are comfortable & ready, we’ll submit an updated proposal to upgrade the mainnet to Vasil,” the tweet read.

Once integrated on the mainnet, the new upgrade is designed to allow faster block creation and greater scalability for decentralized apps [dapps] running on Cardano.

The upgrade is widely anticipated by both developers and investors of Cardano. Since integrating smart contracts, the network has seen explosive growth in activity.

Developers rely on smart contracts to build decentralized applications like DEXs, NFTs, or other yield farming platforms.

These new dApps will likely bring more users and developers onto the blockchain. Before smart contracts, DeFi’s uses on Cardano were comparatively low, unlike its bigger rival Ethereum.

However, Ethereum became notorious for its exorbitant high fees. This is because the addition of smart contracts creates more congestion and traffic lowering the network speed and increasing transaction cost.

Cardano’s Diffusion Pipelining To Increase The Transaction Throughput

The new Vasil hard fork is an attempt to mitigate the increased congestion. To achieve the same, Cardano came up with a solution called Diffusion Pipelining.

“Vasil improvements include higher throughput through diffusion pipelining to a better developer experience via much-improved script performance & efficiency [plus lower costs].”

Earlier, validators must adhere to some specific steps in order to complete the block verification process as Cardano uses a Proof-of-Stake consensus mechanism, which was tedious and time-consuming.

Under the diffusion pipelining, each of these steps would be completed in their entirety before the block is moved to the next validator.

The team claimed the above feature would boost the transaction speed and with faster speed on a blockchain, fees tend to be lower.

With that said, the introduction of such improvements, as well as other smart contract upgrades, will likely continue to attract DeFi developers and new users.