The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Cardano Creator Charles Hoskinson Says Terra (LUNA) Collapse Contributed To Delay in Major ADA Upgrade

by Daily Hodl Staff
June 23, 2022
in Altcoins

Cardano (ADA) creator Charles Hoskinson says the collapse of the Terra (LUNA) ecosystem is partly to blame for the postponement of the Vasil upgrade.

Hoskinson says the update is ready but Cardano’s development team was directed to exercise more diligence before shipping updates or products following the collapse of stablecoin blockchain Terra.

[adinserter block="1"]

“We’re code-complete and what code-complete effectively means is you probably could flip the switch and get away with it. And certain projects would do that.

But what happened after the collapse of Terra (LUNA) is that I gave a directive to a lot of the engineers to say we should probably measure three times and cut once, given the nature of things.

And so additional tests were added in the Plutus suite and additional work was done for quality assurance above and beyond what we normally do for hard forks.

So that was one dimension of the puzzle that made it more complicated.”

The Vasil upgrade is geared towards scaling Cardano’s performance and enhancing the smart contract’s capabilities.

Plutus is the name of Cardano’s smart contract platform.

The ADA creator says a desire for more inclusivity in the quality assurance and testing process by decentralized application (DApp) developers also contributed to Vasil’s delay.

“The other dimension of the puzzle was that after Consensus [crypto conference held in Austin, Texas earlier in June], we did have an enormous amount of contact with DApp developers and other people and there was a desire to be a bit more inclusive in the quality assurance process and the testing process.

So a lot of them said, ‘hey we need several weeks on testing, to be able to play around with these things.'”

Blockchain research and development firm Input Output Hong Kong (IOHK) announced the Vasil upgrade delay earlier this week. The upgrade was initially scheduled for June 29th but will now take place during the last week of July.

I

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/LuXiFeR Bowlo/breakermaximus

Submit a Press Release

Industry Announcements

  • RISEx Launches ‘Ignite’ Season 1 Points Program, Following $3B in Volume During the Early Access Phase
    July 24, 2026
  • CoinRabbit and GoMining Report: Managing Bitcoin Matters More Than Mining Volume
    July 23, 2026
  • Adam Weitsman Backs Unserious in their Acquisition of Creepz and Psychrome homecoming
    July 22, 2026
  • Flyfi Launches Hotel Booking Platform With Cryptocurrency Payments and No Account Registration
    July 22, 2026
  • Hashi Testnet Is Live, Bringing Native Bitcoin Finance One Step Closer to Global Adoption
    July 22, 2026
  • Bybit Presents Exclusive $1M Prize Pool for Stock-Themed Trading As Wall Street Enters Earnings Season
    July 22, 2026
  • Global Media Procurement: The 500-Year Yixing Zisha Teapots Paradigm
    July 20, 2026
Submit a Guest Post
ADVERTISEMENT

Spotlight

  • 6 Accused of Draining $10.9 Million From Medicaid Program, Billing Non-Existent Home Care Services
    July 23, 2026
  • Pennsylvania Man Loses $44,000 After Bank Imposter Directs Irreversible Wire Transfer to Wells Fargo: Report
    July 24, 2026
  • Bank Insiders Admit to Processing Hundreds of Millions in Drug-Linked Illicit Transactions
    July 24, 2026
  • crime city
    $500,000 Drained From New York Banks in Scam Allegedly Involving City Employees: DOJ
    July 24, 2026
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl