Main navigation

Cardano Increases Node Performance to Reduce Network Congestion During DeFi Projects Rollout

Fri, 01/21/2022 - 10:26
article image
Tomiwabold Olajide
Cardano continues to add node improvements to curb network congestion on DeFi launches
Cardano Increases Node Performance to Reduce Network Congestion During DeFi Projects Rollout
Cover image via

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

Cardano founder Charles Hoskinson recently shared a tweet about a new GitHub release that adds compatibility to Cardano node v1.33.0. Cardano continues to add node improvements to tackle transactional traffic on DeFi project launches over the coming weeks.

SundaeSwap launched on Jan. 20, marking a milestone in the ADA ecosystem by being the first DApp to utilize its smart contracts. SundaeSwap, Cardano's decentralized exchange (DEX) and token staking platform, now allow traders to perform swaps and add liquidity, but network congestion slowed transaction processing in a way.

IOHK previously shared this: ''With the arrival of many exciting new DeFi projects over coming weeks, users should expect network congestion & this may be significant at times of peak load around launches and large drops.''

In the process of addressing this, Node v1.33.0 was released in early January and now runs on about 80% of SPO systems. According to IOHK, technical improvements included in node v1.33.0 can be broadly categorized as RAM usage optimization and efficiency upgrades. Apart from making memory usage far more efficient than in previous versions, node v1.33.0 includes changes to the algorithms that Cardano uses to calculate rewards and stake distribution.

Optimization, scaling and network growth: Basho phase

Cardano is entering the Basho phase with a focus on optimization, scaling and network growth. U.Today earlier reported a proposal to increase Plutus script memory units to 12.5 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.

article image
About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. 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.