To deal with the constant congestion on its network, Cardano has revealed plans to upgrade the platform’s technical features.
The move by Cardano is set to increase its block size by 80 KB from 72 KB, which is aimed at making the platform more user-friendly as it tries to be on par with its competitors on the Layer 1 block. The plan was to position Cardano as a leading player in the digital coin industry by updating its operational components to improve efficiency and service delivery.
Therefore, the move by Cardano has seen its team of developers ready to take the next step to increase the size of the network block by 11%. Additionally, its smart contract platform, Plutus, will also get a memory boost to improve its optimum performance.
Cardano Seeks To Solve Scalability Problems
The proposed scale-up would see Cardano increase its block size to improve network capacity in line with its plan to make massive updates to its blockchain protocol.
The development team at Cardano, Input-Output, recently stated that the expansion of the block size from 72 KB to 80 KB will immediately impact a single block’s data capacity on their blockchain. The large block size provides room for more trading, which improves scalability on the platform.
Furthermore, following the upgrade in the size of the block, the team has targeted an improvement in the performance of Cardano’s platform for preparing smart contracts. They have further revealed that the update would scale up the memory units of Plutus to 14 million from the present size of 12.5 million. When this is achieved as planned, the expanded memory is expected to multiply the smart contracts’ capacity to churn out more data processing.
According to the team, the planned updates improve the user experience while also boosting the whole network’s ability. Before launching the planned upgrades, the Input-Output squad had high hopes for Cardano’s efforts to surmount its congestion problems.
The first decentralized exchange launched by Cardano, SundaeSwap, faced a challenging period when active users observed and reported the huge congestion problem they experienced when trying to execute swaps in a digital token.
However, in the statement by the Cardano development team announcing the proposed update, the group cautioned that there might still be some significant congestion on the network in the course of launching new items like dApps and NFT.
On his part, Cardano founder Charles Hoskinson has stated that Cardano is positioned to become the focal point for NFT and Defi, but this can only be achieved when the network has upgraded its system to be on par with other players in the industry. Doing this will make it competitive.
Cardanos’ Input-Output team has a strategy to consistently make the blockchain more efficient as part of an upgrading phase called “Basho.” That said, Cardano is confident of having a share of the market with other digital coins on the Layer 1 network, which enjoyed a commanding position in the industry in 2021.