Cardano founder Charles Hoskinson has said that developers are doing “extensive testing” of the Vasil update. According to him, the hard fork is scheduled to activate “sometime in September.”
He has said that the team found a number of errors in the code that it has to fix and has emphasized that the specific terms of activation depend, among other things, on the actions of trading platforms. He has explained:
“The next important step will be to attract cryptocurrency exchanges. When the three to five largest platforms update their systems, a hard fork date will be set.”
According to him, the support of major players will “push” the rest of the market participants to accept the update.