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The highly anticipated V11 “Van Rossem” hard fork update in the Cardano ecosystem has been officially launched on the Preview testnet. While the approval process continues on the PreProd testnet, the next phase of the network, the mainnet governance vote is targeted for May 29th.
According to information shared by Cardano developers, the V11 update enables smart contracts to run faster and at lower costs, while also bringing enhanced cryptography features and improvements to staking pool security. The update is expected to particularly improve performance on the Plutus smart contract infrastructure.
Cardano announced that the hard fork program is progressing successfully, and that the Preview testnet is now running under Protocol Version 11. They also stated that the Plutus Cost Model (PCM) update for the PreProd testnet went into effect on May 16th, and the hard fork process is ready on the chain. Developers were urged to test the current cost model changes before the mainnet rollout.
The statement noted that preparations for updating the Plutus Cost Model for the mainnet are underway and the application deadline is expected to be announced next week. The hard fork governance action is targeted for release on May 29th, depending on progress in the testnet process.
On the technical side, it was stated that Cardano-node v11.0.1 has been available for several weeks and is the base version supporting the Protocol Version 11 hard fork limit. Ecosystem participants were advised to upgrade their infrastructure to this version. In addition, it was announced that DB-Sync v13.7.0.5 has been approved for use on all networks and offers full compatibility with node v11.0.1.
*This is not investment advice.
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