Cardano (ADA) Developers Propose New Update To Increase Block Size by 11%
Cardano (ADA) developers have proposed an update that they say will help scale and improve the user experience of the project’s network.
The update will increase the Cardano network’s block size from 72KB to 80KB, according to a new tweet from the blockchain platform’s development firm, Input Output Hong Kong (IOHK).
The development firm also proposed an update that will increase the script memory units per transaction on the Cardano mainnet from 12.5 million to 14 million. Both the block size and script memory unit increases are slated to take effect on Friday.
Explains IOHK,
“Together, these enhancements will provide additional resources for [Cardano’s smart contract platform] Plutus scripts to improve DApp [decentralized application] user experience while increasing overall network capacity. This adjustment forms part of a planned series of network optimizations. Cardano will continue to be steadily optimized in a series of measured steps this year, carefully & methodically scaling Cardano for future growth as demand increases…
The network has been designed to safely manage high peak loads and throughput will steadily improve as we continue to optimize. This latest change will continue to improve the user experience.”
Cardano’s native token, ADA, is trading at $1.03 at time of writing, down more than 21% in the past month.
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Digital Storm
The post Cardano (ADA) Developers Propose New Update To Increase Block Size by 11% appeared first on The Daily Hodl.
Go to Source
Author: Daily Hodl Staff
