pubDate: “2021-11-24” heroImage: “/placeholder.svg” categories:
- “altcoin-news”
- “latest” tags:
- “ada”
- “altcoin”
- “analysis”
- “cardano”
- “crypto” coverImage: “CardanoADA-Is-Moving-to-Scaling-Phase-Through-Increasing-Block-Size-by-12.5.jpeg”
It looks like you have shared an article about network upgrades to the Cardano (ADA) blockchain. Since you didn’t include a specific question or prompt, I have provided a structured summary, key takeaways, and some historical context below.
Article Summary
Following the launch of smart contracts on the Cardano network, the blockchain experienced a massive surge in daily transactions (from 10,000 to over 200,000). To accommodate this growth and prepare for an influx of new Decentralized Applications (DApps), Cardano implemented a “slow and steady” network upgrade. This upgrade increased both the block size and the memory limits for Plutus scripts, allowing for greater data throughput and more complex smart contract development without compromising network stability.
Key Takeaways
- Block Size Increase: Increased by 12.5% (8KB), bringing the total block size to 72KB. This allows more transactions to fit into a single block, increasing transactions per second (TPS) and overall network capacity.
- Plutus Script Memory Boost: Memory units per transaction were increased by 12.5% to 11.25 million. This allows developers to write more sophisticated scripts, process more data, and increase concurrency.
- Implementation Strategy: Cardano is employing a “slow and steady” approach to these parameter changes to ensure they do not adversely affect network stability or performance.
- Future Outlook: John Woods, Director of Cardano Architecture, noted that this is just the first in a series of planned changes to expand the real-world capabilities of the network.
⚠️ Important Historical Context
Please note that this article reflects events from late 2021 (specifically referencing a November 22, 2021 IOHK blog post and an ADA price of $1.77). Since this article was published, Cardano has undergone many more upgrades (such as the Vasil and Chang hard forks). Today, Cardano’s block size, Plutus memory limits, and daily transaction volumes are significantly higher than the numbers mentioned in this text.
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