The third stage of Cardano’s roadmap, the Basho period, has finally arrived. Network performance and scalability were the primary goals of the project. Once the Basho period begins, parameter modifications, improvements, enhancements, and other innovations would extend the network’s capacity.
There is No Stopping Us Now
The developer of Cardano, Input-Output, wrote a series of tweets regarding the same. As part of its network optimization efforts, the block size of the blockchain is now on track to rise by 11%. According to the developer, they’ve come up with the next parameter update as they’re increasing network capacity in accordance with the plan. The block size will increas by 8 KB, from 72 KB to 80 KB, under this proposal.
To recap, the block size would increase to 80 kb. At this point, it will be more than double the current size of 72 kb. Cardano’s ecosystem will be able to process more transactions as a result of this increase.
Additionally, it would serve to augment any future increases to the Plutus memory cap and would be raised to 14 million units per transaction from 12.5 million.
As previously reported, they will be increasing block and memory sizes on the Cardano network on February 4th at 21:44:51 UTC in order to improve throughput. This change is part of a long-term network improvement strategy. This year, the Cardano team is making slow but sure steps to upgrade the platform so that it can keep up with rising demand.
As a result of the newly implemented update, Cardano-based decentralized applications (dApps) are now running faster. At the time of publication, nearly all blocks were nearly full, with an average load of more than 85%.
Last month, the amount of traffic on the blockchain went up by 90% as a result of increased utilization. This made it clear that the network’s capacity needed to be increased immediately. After just a few minutes of operation, Cardano’s first decentralized application (Dapp) was unable to handle the demand.
Cardano’s Greatest Advancement
There was a significant rise in utilization of the Plutus smart contract platform following the upgrade. The network had more than 100 smart contracts in place in less than two days.
At the time of this writing, ADA (the network’s native token) had risen by over 2%. At the time, the cost was $1.07. Prior to making any more changes, Input Output will keep a close eye on the overall health of the network.
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