Logo
Cardano Ecosystem

Cryptoslate

11/24/2021

·

466 views


IOHK announces Cardano (ADA) block size increase as it moves to ‘scaling’ phase

Cardano (ADA) is heading into the Basho phase, according to IOHK, as the developer team announced upcoming gradual adjustments, focused on “optimization, scaling, and network growth.” According to the announcement, IOHK already submitted two initial changes, namely Cardano’s block...

IOHK announces Cardano (ADA) block size increase as it moves to ‘scaling’ phase

Your gateway to Bitcoin and beyond

Technology

Ahead of anticipated rise in traffic, Cardano developers started implementing changes aimed at boosting the network’s throughput capacity.

Ana Grabundzija · November 23, 2021 at 11:00 pm UTC · 2 min read

IOHK announces Cardano (ADA) block size increase as it moves to ‘scaling’ phase

Bybit

Cardano (ADA) is heading into the Basho phase, according to IOHK, as the developer team announced upcoming gradual adjustments, focused on “optimization, scaling, and network growth.”

According to the announcement, IOHK already submitted two initial changes, namely Cardano’s block size increase and increase of Plutus script memory units per transaction.

Increasing block size by 12,5%

Cardano’s developers opted for a methodical approach to changes in the network’s parameterization, claiming that “slow and steady wins the race.” 

NEW BLOG: Cardano is architected with a highly-decentralized, secure network layer. And a parameterized approach that, step by step, will steadily scale to support a global user base of millions.
Today, we're starting that process… #Cardano

Read more:https://t.co/Aq9mU27kB6

— Input Output (@InputOutputHK) November 22, 2021

“A 12,5% increase is sizable, but not too big. It leaves room for further expansion, and allows stake pool operators (SPOs) to adjust to the increased demands,” explained IOHK, as the developer team announced Cardano’s block size is set to increase by 8KB to 72KB.

A larger block size implies fitting more transactions into a single block, which in the end means processing more transactions per second.

Increasing Cardano’s block size comes into play as the network developers anticipate a rise in traffic, due to new dapps rolling out.

IOHK pointed out that currently there are “well over 2 million Cardano wallets in use and traffic has grown by over 20 times in a year.”

Increasing Plutus memory limits by 12.5%

Besides block size, Cardano’s developers will be increasing Plutus script memory units per transaction to 11,25 million. Plutus scripts are pieces of code, used by Cardano to validate actions.

According to IOHK, this, yet another 12.5% increase, “will be the first of a series of changes to the memory unit settings that will greatly enhance the real-world capabilities of Plutus scripts.”

The increase in memory limits will enable the development of more sophisticated Plutus scripts while allowing the existing scripts to process more data items.

The two upcoming adjustments both go “hand-in-hand,” added IOHK, as they will together help increase the network’s throughput capacity. 

With its current set of parameters, the Cardano network is roughly utilizing only 25% of its capacity, revealed IOHK, noting that this is, in fact, sub-optimal. 

“While inevitably there will be folks who want to move faster, our focus will remain on steady, secure evolution as Cardano grows in reach and adoption,” concluded John Woods, Director of Cardano Architecture, who wrote up the blog announcement.

The above changes will take effect on the testnet on November 25, while the IOHK team noted that applying them to the mainnet is scheduled for December 1.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Bybit

Like what you see? Subscribe for updates.

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Cryptoslate

ORIGINAL SOURCE

https://cryptoslate.com/iohk-announces-c...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from Cryptoslate

See more
Grayscale drops Cardano and Cosmos from its crypto funds in quarterly rebalancing
Cryptoslate
Grayscale drops Cardano and Cosmos from its crypto funds in quarterly rebalancing

04/05/2024

·

20 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)