Cardano developer Input Output has announced that the blockchain’s block size is on track to increase by 11% as part of its network optimization efforts.
NETWORK UPDATE: Today, we have proposed the next parameter update as we continue to increase #Cardano network capacity in line with the plan. The proposal will increase block size by a further 8KB taking it from 72KB to 80KB.
— Input Output (@InputOutputHK) February 1, 2022
?⤵️
1/9
The total block size will grow to 80 kilobytes (KB) from the current size of 72 kilobytes (KB). This means that Cardano’s blocks will be able to carry more transactions. With a growing number of projects launching on the mainnet, the blockchain has to process more traffic. Last month, blockchain load spiked to 90% due to increasing adoption, which highlights an urgent need for scaling up the network. As of Feb. 1, nearly all blocks remain full, with the average load remaining above 85%, according to data provided by Cardano Blockchain Insights.
On top of that, Plutus memory limits would be raised to 14 million units per transaction from 12.5 million. As reported by U.Today, the previous increase took place in January.
The recent enhancements will come into effect on Feb. 4. They will allow Cardano-based decentralized applications (dApps) to run more smoothly amid growing demand.
Tomiwabold OlajideCardano has already moved to “Basho,” the third stage of the roadmap named after renowned Japanese poet Matsuo Basho. The team is currently focused on optimizing the network for a growing number of users.
While on-chain solutions are important, off-chain solutions such as Hydra will play a key role in achieving the required level of scale.
SundaeSwap, the leading Cardano-based decentralized exchange, launched its beta version on the mainnet in mid-January.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Dan Burgin
Vladislav Sopov