Main navigation

Cardano Announces Major Scaling Update as SundaeSwap Launches

News
Thu, 01/20/2022 - 15:05
article image
Tomiwabold Olajide
Cardano announces new set of network optimizations as SundaeSwap launches
Cardano Announces Major Scaling Update as SundaeSwap Launches
Cover image via stock.adobe.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

In a thread of tweets, IOHK, Cardano's parent company, has announced a major scaling update. This entails an increase in Plutus script memory units by 1.25 million. The initial change will take effect five days after the commencement of the update proposal process, on Tuesday, Jan. 25.

Improvements in Memory/CPU parameters for Plutus remain one of 11 ways that Cardano intends to scale in 2022. Other paths include block size increase, Pipelining, Input Endorsers, Node enhancements, on-disk storage, sidechains, Layer 2 Hydra scaling solution, Offloading computation and the Mithril solution.

Network optimization as part of scaling phase

U.Today earlier reported on Cardano planning a series of network optimizations on the anticipated arrival of many DeFi projects over the coming weeks. On top of this, SundaeSwap, a decentralized finance (DeFi) exchange on Cardano and its ISO, hopes to launch on the evening of Thursday, Jan. 20 (EST).

SundaeSwap will launch as a fully-functional beta decentralized exchange (DEX), and Yield farming SUNDAE rewards begin on Jan. 20, according to the dates outlined in a recent blog post.

The announced parameter update will pursue an increase in Plutus script memory units per transaction on the Cardano mainnet by 1.25 million from its present 11.25 million figure. IOHK states, ''This incremental adjustment is the next in a continuing series of planned adjustments & network optimizations we’ll make as we start to scale Cardano for future growth.''

The improvements in memory aim to provide increased resources for Plutus scripts and the DApps utilizing them and will be monitored over at least one epoch (5 days) to determine the next increment. IOHK continues to emphasize its focus on delivering the scaling phase of its roadmap. It aims to achieve this by improving speed and network capacity.

ADA, the native asset of the Cardano blockchain, trades at $1.35 at press time.

article image
About the author

Tomiwabold is a cryptocurrency analyst, technical analyst and experienced fund manager. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.