Cardano ($ ADA) Developer IOG Increases Web Block Size by 10% "Increase Performance and Dapp Performance"

Cardano ($ ADA) Developer IOG Increases Web Block Size by 10% “Increase Performance and Dapp Performance”

Cardano ($ ADA) developer Input Output has proposed an increase in network block size of 10 percent from 80 KB to 88 KB per block, as network load has remained above 80 percent in an effort to “increase performance and DApp performance.”

According to tweets published by Input Output, the change has already taken effect and represents a “significant network improvement” that will help increase the speed of transactions and the performance of distributed applications built on top of the cryptocurrency network.

Per IO, it’s the “latest planned network optimization” the developer is doing to continue scaling Cardano year-round.

The developer is now set to monitor network performance for one period – five days – to determine the “next addition”. Cardano, IO wrote, has seen “phenomenal growth in recent months and performance improvements, respectively.”

As CryptoGlobe reports, Cardano now has more than 900 projects based on it and has undergone several development projects in recent months, including the launch of the ERC-20 converter.

The number of wallets created in the Cardano block chain has already grown by more than 500,000 this year, with 453,000 wallets created during the first quarter.

By Krakow March 2022 cryptocurrency summary, the chain ‘s indicators suggest Cardano’ s ADA “outlook is bright” as demand for it has grown over time. The Kraken report says ADA’s transaction fees have risen “about 51.5% from $ 0.33 / tx [transaction] day to day. “

According to Kraken, transaction fees “are an indication of network demand,” and while “demand for the blockchain is starting to rise after this year’s break,” Cardano is in the lead. Cardano’s upcoming Vail fork offers a “great performance improvement,” according to Cardano founder Charles Hoskinson.

Input Output added that as Cardano’s ecosystem grows, it will focus on “implementing the scaling phase of our roadmap” and “improving speed and network capacity while maintaining security and decentralization”.

It is worth noting that Cardano’s block size increased by 11% in February, from 72 KB per block to 80 KB per block following the Input Output proposal.

The views and opinions expressed by the author or other persons mentioned in this article are for informational purposes only and do not constitute financial, investment or other advice. There is a risk of financial loss from investing in or trading in cryptographic assets.

Recommended image via Pixabay

h/t – CryptoGlobe

Thomas Miles

Cryptocurrency is the most recently discovered currency which will be likely at the help of modernization across the next few decades. With a limited control from the government, the crypto market is independent of many features of a sound market as we know it. Thomas brings these stories to us by weaving them into articles of general importance to all those looking at the fluctuations in the market, or new entries. Thomas is also the founder of Bulletin Bits and is an excellent leader. His leadership is the kind that makes him the most knowledgeable and experienced on the team. His wonderful work ethic and attitude are worthy of imitation!

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