Cardano: IOHK announces performance enhancements post congestion issues

Cardano has finally entered the third stage of its roadmap, the Basho era. It was envisioned to improve the network’s performance and scalability. The launch of the Basho era focuses on scaling Cardano, promising “parameter adjustments, improvements, enhancements and other innovations” supposed to increase the network’s capacity.

Well, the process has commenced with important enhancements. Here’s the latest one –

On track to the moon
Input-Output, the developer behind Cardano, tweeted about the same via a series of tweets. The blockchain’s block size is now on track to increase by 11% as part of its network optimization efforts.

As mentioned above, the overall block size would grow to 80 kilobytes. This will be a significant rise compared to the current size of 72 kilobytes. This hike will enable Cardano’s ecosystem to carry out more transactions.

Furthermore, it would supplement the Plutus memory limits rise as well (Would be raised to 14 million units per transaction from 12.5 million).

The team added,

“This adjustment forms part of a planned series of network optimizations. Cardano will continue to be steadily optimized in a series of measured steps this year, carefully & methodically scaling Cardano for future growth as demand increases.”

Reportedly, this update allows Cardano-based decentralized applications (dApps) to run more smoothly amid growing demand. At press time, nearly all blocks were almost full, with the average load well above 85%.

Source: Blockchain Insights

But, why the need? Well, consider this — Last month, the blockchain load spiked to 90% due to increasing adoption. This highlighted an urgent need for scaling up the network. Not so long ago, Cardano’s very first Dapp suffered a major congestion issue just minutes post the launch.

Biggest leap forward
Plutus, the smart contracts platform, experienced significant growth due to the upgrade. The network incorporated more than 100 smart contracts in as little as two days.

Even the network’s native token, ADA, surged by more than 2% at press time following this news. It was trading at $1.07. Going forward, Input Output would “carefully monitor” overall network health before proceeding with further adjustments.

--

--

--

forex and cryptocurrency expert trader; telegram- https://t.me/jamilapatersonofficial

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Haskstack AMA Recap Crypto Revolution Masters Community

Auto-Compounding Stablecoins at 1,000% APY on Yield Wolf

Polygon cost leaps 60% in 4 days amidst ‘rather large’ MATIC build-up

Moonfrost Initial DEX Offering

How to stake SKALE (SKL) using the Activate platform via MetaMask

A deep dive into BSCLanuch- the all in one hub for your daily binance chain usage.

Frogs in Crisis as Heaven Relies On Black Woodland

Cerberus NFT Project Update

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
jamilapatersonofficial

jamilapatersonofficial

forex and cryptocurrency expert trader; telegram- https://t.me/jamilapatersonofficial

More from Medium

Cardano achieves new milestone as total transaction count crosses 30 million mark

Ethereum vs. Solana vs. Cardano

Tips on Where to Stake your Cardano

The Rise and Rise of Cardano — Implications for 2022