Cardano Enters The Basho Stage: How It Improves Performance
January 14 2022 - 6:59PM
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The software platform Cardano has entered the third stage of its
roadmap, the Basho era. It promises to improve the network’s
performance and scalability. Cardano’s roadmap is “a summary of
Cardano development” divided into five eras to deliver improvements
in diverse functionalities of the network that are “delivered
across multiple code releases”. Now that the platform’s core smart
contract capability Plutus has been deployed, the launch of the
Basho era focuses on scaling Cardano, promising “Parameter
adjustments, improvements, enhancements and other innovations”
supposed to increase the network’s capacity. They also call it “an
era of optimization”, promising to enhance the performance and
interoperability “to better support growth and adoption for
applications with high transaction volume.” It is supposed to bring
high performance, resiliency, and flexibility to the network.
Related Reading | Cardano Foundation Completes Funding To
Plant 1 Million Trees Scalability And Interoperability Scalability
and interoperability are some of the main solutions that Cardano
wants to offer as the “ethereum killer”. While the Ethereum network
is working to handle up to 100,000 transactions per second (tps),
Cardano plans to reach millions of tps through the second-layer
solution Hydra. On the interoperability’s side, the Basho stage
will introduce the sidechains, “new blockchains, interoperable with
the main Cardano chain”, which eventually intends to allow the
blockchains, with different architectures and codes, to be able to
communicate: interoperate. The Cardano Roadmap explains that
“Sidechains can be used as a sharding mechanism by off-loading work
from the main chain onto a sidechain to increase the capacity of
the network. They can also be used to introduce experimental
features without affecting the security of the main blockchain.”
Similarly, this stage will also introduce parallel accounting
styles: “the ability to support and switch between UTXO and
account-based models will be added using sidechains.” This is also
meant to enhance interoperability and “support new kinds of use
cases on the network.” “Building on these foundations, and steadily
increasing capacity and throughput to deal with the growth in the
DApp ecosystem and onboard first hundreds of thousands, then
millions of new users. From DeFi degens to citizens of developing
nations.” Cardano has been widely criticized for its slow start.
Many people thought the platform was lagging behind, noting it took
a long time to deploy its first smart contract. However, the CEO of
the Cardano Foundation Frederik Gregaard argues that they take a
careful approach to launch functions, with rigorous testing and
peer review. This time around, the Basho stage’s launch report
noted that they expect “periods of high demand, network congestion
at times”, but they see it as part of the ‘journey’ and added that
they will be maintaining a “considered, safe approach”. “We’re on
an exciting journey and usage will be high. While we may at times
feel impatient, this is the way. Here’s how we will optimize and
scale as we grow.” What The Basho Era Promises To Solve The
optimization and scalability improvements have been divided in the
report between “on-chain solutions” and “off-chain solutions”. Here
is what they intend to solve: For on-chain solutions: Block size
increase: the network recently increased the block size by
12.5% to 72KB and “further increases will be applied over time”.
Pipelining: intends to propagate blocks “to at least 95% of
peers within five seconds” to provide “the headroom to make more
aggressive scaling changes”. Input Endorsers: “This improves
the consistency of block propagation times and allows higher
transaction rates.” Memory /CPU parameters for Plutus: improves the
efficiency of memory usage across the chain. Plutus script
enhancements: a “more effective usage of the powerful EUTXO
model through smart contract optimization,” Node enhancements:
intends to “help even distribution of stake and reward computations
across the epochs”. The new node version “reduces peak load at
critical points,” On-disk storage: “RAM-constrained systems will be
able to run nodes (…) and memory will no longer be a bottleneck on
scalability.” For off-chain solutions: Sidechains: “Assets can
be moved between chains as needed.” Hydra: “provides a more
efficient means to process transactions off-chain,” Off-chain
computing: “Transactions occur outside of the blockchain itself,
yet can offer fast, cheap transactions via a trust model.” Mithril:
results in “Multi-signature aggregation that is fast and efficient
without compromising security features.” Related Reading
| Cardano’s Ecosystem Explodes, Why ADA Could Be Quick To
Resume Bullish Trend ADA’s Price ADA trades at $1,28 at the time of
writing, up 3.74% in the last 24 hours, but 59.1% down from its
last peak in September 2021. ADA trading at $1,28 in the daily
chart | Source: ADAUSD on TradingView.com
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