New Cardano (ADA) Upgrade Enhances Performance and Scalability As Demand Increases: IOHK
Cardano (ADA) developers are rolling out an upgrade they say will help to scale and improve the user experience of the project’s network.
According to a new tweet from Cardano development firm Input Output Hong Kong (IOHK), the update increases the Cardano network’s block size by ten percent, from 80 kiloBytes (kB) to 88 kB.
“This 10% increase represents a significant network enhancement which will help continue to increase throughput and DApp [decentralized application] performance. It is the latest in a series of planned network optimizations we’re making to continue scaling Cardano throughout 2022.”
IOHK developers plan to monitor the network’s performance for at least five days from the point the update was deployed in order “to determine the next increment.”
The update comes only a couple of months after Cardano’s previous block size increase in February. IOHK notes the network has witnessed a “huge recent rise” in transaction volume and expects more demand in the future.
Cardano’s native asset, however, continues to struggle: ADA is trading at $0.834517 at time of writing, down nearly 6% in the past 24 hours. The 9th-ranked crypto asset by market cap is also down more than 29% compared to where it was priced one month ago, and 72% from its all-time high last September.
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Admin9966
The post New Cardano (ADA) Upgrade Enhances Performance and Scalability As Demand Increases: IOHK appeared first on The Daily Hodl.
