Cardano Increases Block Size By 12.5%, What This Means
November 23 2021 - 6:00PM
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Cardano has been making important changes to its blockchain since
the launch of smart contracts capability. This had brought with it
an increased usage and thus needed to be more scalable to
accommodate this increase. Since the launch in September, there
have been a number of improvements to the network and the latest is
the increase in the block size. Increased Block Size In Cardano
Cardano, in a recent blog post, announced that they were increasing
block size by 12.5% to make room for the increased traffic that is
expected on the network. The 8KB increase will see the total block
size now at 72KB and will allow more transactions to be fitted in a
single block. This will allow more transactions to be processed per
second, greater data throughput, in turn providing greater capacity
for its users. Related Reading | Cardano Founder Says
Metaverse Is Important For Crypto Keep in mind that a year ago,
Cardano only averaged 10,000 transactions per day. Now, a year
later, this number has risen significantly to more than 200,000 and
climbing. A 12.5% increase in block size may not seem large by the
average margin but is important to accommodate for this increased
usage. ADA drops to $1.77 | Source: ADAUSD on TradingView.com
Another factor that warrants the increase in block size is the
anticipation of DApps that are expected to launch on the blockchain
soon. Since Cardano already has smart contracts capability, it is
only a matter of time until developers begin deploying their apps.
This anticipated rise in traffic has made increasing block size
important for the network. Plutus Script Memory Gets A Boost Block
size was not the only thing that got a boost. Cardano also
increased Plutus script memory units by transaction. In another
12.5% expansion, the Plutus script memory units per transaction is
now 11.25 million. In the blog post, John Woods, Director of
Cardano Architecture, explained that this change was brought about
due to growing demand from developers. It will help developers in
their journey as they test and deploy their DApps on Cardano. “An
increase in Plutus memory limits means that they can develop more
sophisticated Plutus scripts, or that existing scripts will be able
to process more data items, increase concurrency, or otherwise
expand their capabilities.” Woods notes that this is only a first
in a series of changes that will take place to expand the
real-world capabilities of Plutus scripts. Related Reading
| Cardano Founder Reiterates Long-Term Purpose Amid Sell-Off
Panic The changes in block size and Plutus script memory units by
transactions will be implemented slowly. Cardano has adopted a
‘slow and steady’ mechanism going forward with the changes.
Although this may look to be moving too slow for some, a 12.5%
increase shows that the developer is not rushing to make changes
that would adversely affect the network. “It’s not just about
creating more complex scripts. It’s also about putting more data
through,” the blog post read. Featured image from The Cryptonomist,
chart from TradingView.com
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