Cardano Aims To Increase Block Size By Optimizing The Network

Cardano aims to increase its block size by 11% by optimizing the network and we are reading more about it in our latest Cardano ADA news.

Following the recent congestion on the blockchain, Cardano aims to increase the block size to scale up the network capability. Input-Output Hong Kong announced that the network is on track to increase the block size by 11%. announcing the new update IOHK noted that the proposal will aim to increase the block size from the current 72 kilobytes to 80 KB. The development should allow Cardano’s blocks to carry even more transactions. IOHK also triggered a separate updated proposal to increase the amounts of data that can be included in a single transaction on the Cardano smart contract platform Plutus, which script memory unit per transaction will go from 12.5 million to 14 million.

According to IOHK, the proposal will increase Cardano’s block size and memory units as a part of the efforts to optimize the network, and with the fast-growing number of projects launching on the Cardano mainnet with the protocol has to process more transactions and outline the need to scale up the blockchain overall capability. IOHK pointed out that the proposed updates are on track with bigger plans to increase Cardano’s volume as it gets closer to becoming a go-to blockchain network for DEFI projects.

The adjustment forms part of the series of network optimizations and Cardano will continue to be optimized in a series of measured steps this year and to methodically scale Cardano for future growth as the demand grows as well. The network was designed to safely manage the high peak loads which will also improve as we continue to optimize. The latest change will continue to improve the user experience as IOHK said. Since the introduction of the smart contract functionality on the blockchain, the network saw a surge in the number of dapps and other DEFI projects launching on the mainnet.

A few weeks ago, the first Cardano-based decentralized exchange SundaeSwap went on live on the mainnet and offered a few trading pools with the native Cardano tokens. The DEX’s launch was swamped with other platform errors and failed transactions caused by network congestion because the proposed upgrade could allow the dapp to run more smoothly.