Input Output (IOG), the development company behind the Cardano (ADA) network, has proposed increasing the block size by 11%.
With the proposal made on February 2 In line with a plan to increase network capacity, it is aimed to increase it from the current 72KB to 80KB.
The company posted on its official Twitter account. in sharing:
Today, we also recommended our next parameter update as we continue to increase Cardano network capacity in line with our plan. If the proposal is accepted, the block size will increase by 8KB from 72KB to 80KB.
said.
A proposal was also made to improve the performance of Plutus, the smart contract platform of the Cardano blockchain. The developer company makes memory units in Cardano From 12.5 million to 14 million He said he would come out.
A block is a set of transactions that are confirmed and then recorded on a blockchain system. The larger block size of Cardano means it has more transactions per block.
Cardano company Input Output company with these enhancements the speed of your network and its capacity stated that it will increase
These development proposals are believed to be in line with Cardano’s plans to become comprehensive decentralized finance (DeFi). In this context, SundaeSwap, Cardano’s first DeFi initiative, in January was released to the market. Final according to the defilement data in a 30-day periodtotal locked assets (TVL) in Cardano (ADA) 8632% increased.