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Cardano (ADA) completes network upgrade

Reynaldo Marquez-NewsBTC
2022-03-22 08:45
Cardano’s developer Input Output Global (IOG) has been focused on optimizing and improving the network. Today, this company revealed their latest update proposal to increase the per-block Plutus script memory units limits from 56 million to 62 million.
This update, the company clarified, will aid the network’s scalability. Plutus is one of Cardano’s recent components as the network transitioned to implement smart contract capabilities.
Operating a platform, Plutus enables users to leverage a programming environment. In that way, users can build their own smart contract without needing technical skills, maintaining code, and remove the need to use a full development environment.
Plutus is one of Cardano’s most ambitious products as it aims at removing friction from the DeFi sector and onboarding more users to its ecosystem. According to IOG, this update proposal will:
"This incremental adjustment is the latest in a continuing series of optimizations and increases to network capacity that is being made as Cardano continues to scale in 2022 for future growth. Once deployed, we’ll monitor carefully for at least one epoch (5 days) before assessing any further adjustment. Continued observation & orientation guided by real world usage is key to growing Cardano capacity safely."

Cardano Enters A New Era

The update, IOG added, will come into effect on March 21, UTC 21:44, when the network will reach epoch boundary 328. The company highlighted the “phenomenal growth in recent months”, and users should expect “significant” future growth, as well as Cardano, becomes more “optimized”.
In that sense, the company warn users about the potential increase in network traffic as a result of new DeFi projects launching on Cardano, and new users entering the network. This could bring congestion to the network, as IOG said, specially around NFT drops or a token launch.
This secondary effect of a potentially bullish activity will improve overtime as the company “steadily” improves the network. IOG claimed:
"As the ecosystem grows, we’re now focused on delivering the scaling phase of its roadmap; improving speed and network capacity while maintaining security and decentralization."
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