IOHK, the dev team behind the Cardano blockchain, announced to the community a few months ago that they are working to expand the block size of the Cardano blockchain in order to improve the network’s performance or to say that with the current development work, more operations per block will be executed.
IOHK stated in a tweet thread that the block size was only increased by 10% (from 80k to 88k) and that the change took effect at UTC 20:20:00 on Monday, April 25th.
Not just the Cardano network, but also Dapps operating on the Cardano blockchain, will benefit from this update in terms of performance and efficiency.
The developer team will now analyze the performance of the network for the next 4-5 days to see if the block size can be increased further.
The team made the following observations:
“Cardano has experienced tremendous growth in recent months, along with corresponding performance improvements. (…) With a big recent increase in transaction volume – and significant more girth projected – we’ll continue to actively watch and steadily enhance the Cardano network as we develop.”
Cardano developers released the ERC-20 converter tool in the Cardano mainnet last week, allowing Ethereum blockchain-backed token owners to effortlessly use their tokens on both the Cardano and Ethereum networks.
Now, IOHk will concentrate on the Vasil Hardfork, which will improve the Cardano network significantly above other blockchain networks, resulting in fierce competition in the sector.
Cardano (ADA) is the ninth most valuable cryptocurrency by 24-hour trade volume, and owing to the Alonzo Hardfork, which was implemented in September of last year, the project is currently benefiting from a rapid inflow of DApps into its ecosystem.
As the Cardano Blockchain network’s on-chain traffic grows, engineers are aiming to improve the network’s efficiency.
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