Cardano Developers Successfully Finish Critical Network Update As ADA Bounces

Cardano (ADA) developers are successfully upgrading the blockchain’s smart-contract platform, Plutus.

Cardano’s development firm Input Output Hong Kong (IOHK) says on Twitter that the limit on Plutus’ per block script memory units has increased from 56 million to 62 million.

“This incremental adjustment is the latest in a continuing series of optimizations and increases to network capacity that are 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 & securely to keep pace with a blossoming ecosystem.”

Cardano is trading at $0.988604 at time of writing, up more than 6.4% in the past 24 hours.

IOHK notes that traffic on the blockchain could increase in the coming weeks and months.

“With the arrival of many new [decentralized finance] projects on Cardano over the weeks and months ahead, users should expect high volumes of network traffic. This may be significant at peak times around launches and large [non-fungible token] drops.

While users may occasionally experience delays in transactions going through, the Cardano network has been designed to operate safely at high load & throughput will steadily improve as the network continues to be optimized.”

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Featured Image: Shutterstock/Design Projects/Mingirov Yuriy

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