Cryptocurrency News

Cardano Upgrades Block Size By 11% To Rectify Scaling Challenges

In a bid to handle reported cases of congestion, Cardano has made announcements regarding improvements on it’s technical areas. Cardano’s main team responsible for development has made it clear that there will be increments in the network’s block size by 11%. The team also has plans to implement a memory boost for Plutus, it’s smart contract platform.

Cardano Aspires To Improve Scalability

Cardano is making increments to it’s block size. On a Wednesday update post made on Twitter, the development team, Input Output, made reports that there will be an expansion on the Cardano’s block size from the usual 72KB to 80 KB. Block size simply is the highest data capacity that a singular block can possess on a block chain.

The larger the block size, the more transactions can be imputed to new blocks and as such upgrading scalability. Blocks are a series of transactions that are approved and put down on a block chain. Bigger sizes signify that additional transactions can be placed in each series although it may have effect on transaction timing and the general capacity of the network.

In addition to an increase in block size,  the team also plans for upgrade the performance of the execution platform for deployment of smart contracts, Plutus. The team stated that Plutus would have its script memory units scaling from 12.5 million up to 14 million. The expanded memory limit is to ensure the growth of Plutus smart contract’s potential to operate on more data items.

The input output team has stated that the improvement would offer extra resources for Plutus scripts to upgrade the user experience and at the same time increase general capacity of the network . The two upgrades are plan to go live by 21:44 UTC on Friday.

For the introduction of the improvements, input output is anticipating that Cardano is able to deal with its congestion problems. It is worthy to note that input output introduced the same updates to the block size and memory units of Plutus in November 2021.

The idea of the whole move is in view of a bigger initiative to increase volume of transactions on the network as it heads in the direction of being a decentralized finance (DeFi) based blockchain. DeFi simply is a financial service depending on smart contracts in place of third parties.

Sundae swap, the first decentralized exchange by Cardano has gone through a wavy launch when users had reported that the issue of high congestion was hindering them from carrying out token swaps. Input output eventually announced via Twitter that there are possibilities of critical load on the network during the awaited launch of NFT mints and new dApps.

Charles Hoskinson Cardano’s founder recently said that the blockchain has possibilities of becoming a space for NFTS and DeFi but the network has a bit of a way to go in order to meet up with its contenders.

Input output has plans to keep advancing throughout this year as a fragment of scaling phase tagged “Basho”, with that present, Cardano will have hopes of grabbing trade share from Ethereum and several other layer 1 grounds that took charge of the cryptosphere as at 2021.

However, as at the time of documentation, swaps on Sundaeswap were kind of slow. A notice on the DEX signifies that the network is so congested presently. Swap would most likely not go through till the congestion decreases

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