Hemant Singh – Mumbai Uncensored, 3rd May 2022
In a weakening market, the update did nothing to protect ADA pricing.
According to engineers earlier this week, a fresh Cardano upgrade increased the network’s block size by 10%.
“Before the weekend, an update proposal was made to increase #Cardano mainnet block size by 8K,” said Cardano development firm Input Output in a tweet. “The current block size is 80KB, and after this change, it will be 88KB.”
Blocks are groups of confirmed and recorded transactions on a blockchain. Larger batch sizes allow for more transactions to be included in each batch, however this might have an impact on transaction speed and total network capacity.
Input Output said the 10% increase in block size network would help increase data throughput and scalability.Cardano’s performance of decentralised apps, or operations that rely on smart contracts, is also projected to increase.
Input Output stated that it will actively watch network performance and behaviour over the following five days to identify the next block size increase that would be necessary.The previous increase occurred in February, when block sizes were increased from 72KB to 80KB. The move comes ahead of Cardano’s next Basho update, which will bring sidechains to the network. The Sidechains are a separate blockchain network that connect to another blockchain – called a parent blockchain or mainnet – via a two-way peg.
