Cardano revamped its block size today by 10% in its latest upgrade in order to improve scalability so let’s read more today in our Cardano ADA news.
Following a recent increment in transaction volume and in line with future growth potentialities, Cardano revamped its block size by 8 KB. According to a recent annoucnement by the Cardano founding company, Input Output Hong Kong, the upgrade was proposed last week and got implemented on Monday and increased Cardano’s block size by 10% to 88KB while it was initially 80KB.
IOHK noted that the scalability upgrade is the latest in a series of planned network optimizations for the platform in 2022 and it will not only increase the throughput of the network but will ramp up the performance of Dapps building on the blockchain. IOHK was monitoring the blockchain’s reaction to the upgrade and this will continue for the next three days while the results will be crucial in determining the best timing for the next efforts. The upgrade places Cardano a rank higher than where it was in terms of scalability which is one of the blockchain trilemma factors of scalability and security. Events in the blockcahin industry show that one network managed to attain the three objectives.
Happenings show efforts made towards achieving this including Cardano’s block size increment:
“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.”
Another case is the upgrade on rival network Ethereum like EIP-1559 as well as the launch of ETH 2.0. as IOHK noted, Cardano saw a surge in transaction volume according to the data from Messari which shows a 216% hike in transaction volume. The network took on smart contract functionality with the Alonzo upgrade and this many developers to build on Cardano didn’t prevent the project from hitting a few roadblocks.
As recently reported, Cardano founder Charles Hoskinson pointed to a link to the Hydra website and the website contains node installation instructions as a quick start guide with the demo content. Dubbed by Input-Output as the ultimate Layer 2 scalability solution so Hydra will improve the performance of the chain and will support growth and adoption via increased capacity. What’s more to it, the launch of Hydra will add a new dimension to Cardano similar to the LN for BTC but better according to Hoskinson.
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