To improve scalability, Cardano has introduced a new upgrade that ramps up its block size by 10%, from 80KB to 88KB.
Following a recent increment in transaction volume, and also in line with future growth potentialities, Cardano has increased its mainnet block size by 8KB.by Cardano’s founding company, Input Output Hong Kong , the upgrade was proposed last weekend. Implemented on Monday, it has increased Cardano’s block size by 10% to 88KB, where initially it was 80KB.IOHK notes that the scalability upgrade “is the latest in a series of planned network optimizations” for Cardano in 2022.
Since Monday, IOHK has been monitoring the blockchain’s reaction to the update. This will continue for the next three days, and the results will be crucial in determining the best timing for the next similar effort. Of note, the upgrade places Cardano a rank higher than where it was in terms of scalability. This is one of the blockchain trilemma factors of scalability, decentralization, and security. Events in the blockchain industry show that no one network has managed to fully attain all three objectives.
“As the ecosystem grows, we’re focused on delivering the scaling phase of our roadmap; improving speed and network capacity while maintaining security and decentralization,” IOHK tweeted.and the upcoming launch of ETH 2.0.to a 216% hike in transaction volume in the past year. Additionally, the network took on smart contracts functionality with the Alonzo upgrade in September 2021. This many developers to build on Cardano, though it has not been
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cardano Mainnet Block Size to Undergo 10% Increase Later Today: DetailsCardano blocksize to increase by 10% today.InputOutputHK CardanoStiftung Cardano cardano_updates
Read more »
Cardano Network Developers Increase Block Size by 10%A new upgrade on Cardano has seen the network’s block size increase by 10%, as per developers earlier this week. By shauryamalwa
Read more »
A new leak hints at an upcoming OnePlus phone, quite similar to the OnePlus 10 ProA new TENAA certificate shows images and specs of a possible OnePlus phone
Read more »
These 10 Colleges Are Giving Out the Most Financial Aid This YearThese 10 colleges are offering the most financial aid this year, according to the Princeton Review -- and almost half of them happen to be in NY, NJ or CT
Read more »
OnePlus 10 Pro update released in the US, here’s what’s newThe second update for the OnePlus 10 Pro brings several optimizations and fixes, and it's now rolling out in North America and India.
Read more »