Cardano (ADA) has remained an impressive performance since last week.
At the time of writing the article, the ADA posted a trading value of $ 0.92 per unit, up 7% from its daily low, $ 0.86 yesterday.
If you look at the movement of the ADA since last week (March 14), this asset jumped more than 20% from the level of $ 0.77 before touching the daily high, $ 0.93 just now.
What happen?
Two factors can be noted: the improvement of projects implemented in Cardano, and the implementation of network improvements.
It is understood that Cardano's developers, Global Input Output (IOG) have been working hard to make improvements by increasing the size of memory per block.
Today, they have issued a proposal to increase the memory limit for the smart contract platform, Plutus from 56 million to 62 million.
PARAMETER UPDATE: Today, an update proposal (submitted before the weekend) will trigger an increase in per-block #Plutus script memory units limit from 56M> 62M. This change will take effect on #Cardano mainnet at epoch boundary 328 today, 21 March at UTC 21:44:51.
1/8 ↩️
- Input Output (@InputOutputHK) March 21, 2022
Indirectly, this effort will further sustain Cardano’s scalability.
At the same time, the IOG also stressed that this change will be significantly effective today, 5.44 am Malaysian time once Cardano reaches the epoch boundary 328.
Epoch refers to a specific period of time. For Cardano, one epoch lasts for 5 days.
These changes also have the potential to cause network congestion due to the launch of a number of recent DeFi projects, an increase in the number of new users, again the launch of non-fungible tokens (NFT) or new tokens.
Once this aspect is completed, the Cardano ecosystem will continue to grow and focus will be given to improving network capacity and speed, as well as ensuring that decentralization plays a role alongside the presence of sustainable protection.
