IOHK has increased block-size limit twice this year to allow for more transactions per block
Currently, the Cardano network is using an average of around 40% of its capacity. This may not be optimal as Cardano’s Ouroboros protocol is designed to handle huge amounts of data as well as transactions and scripts of varying complexity and size, so the most efficient scenario is that Cardano operating at or near 100% capacity.
In a drive to increase transaction throughput, IOHK has increased the block-size limit twice this year to allow for more transactions per block. The block size was increased from 64KB to 80KB, and then further to the present 88KB. Larger block sizes imply that more transactions can fit into a block, thus increasing capacity for users.
According to IOHK, increasing the throughput of a blockchain such as Cardano is critical for security because admitting more load on the system can open up the potential for DoS attacks. As a result, it follows a deliberate and careful process when making these changes.
Preparations for Vasil Hard Fork continue
In the past week, the IOG teams hard forked the Cardano testnet to Vasil functionality.
Teams are currently updating dependencies and working closely with SPOs and the community to resolve testnet issues, according to the latest weekly report. Pipeline maintainability and adding tests for greater confidence and regression prevention are still being worked on.
Additionally, the Hydra team focused mostly on updating the hydra-node to be fully functional with Vasil. In addition, work is now being done on the impending release of hydra-node v.0.7.0, which will operate on the hard-forked testnet.
Currently, 1,029 projects are being built on Cardano, while 90 projects have recently launched on Cardano. The number of NFT projects is 5,868, while native Cardano tokens stood at 5.4 million.
At the time of publication, ADA was trading down 4% at $0.443, according to CoinMarketCap data.
