The InputOutpuHK Twitter official page announced that a proposal had been made to increase the Cardano mainnet block size by 8k.
The proposed changes will be effective from 25th April at 20:20 exact. The current block size, which is 80KB, will be upgraded to 88KB.
The block size will increase by 10%
The 10% increase in block size notes a significant enhancement in the network. It will also help to increase the DApp performance. The up-gradation is one of the latest addition to the fleet of developments, which will optimize Cardano to scale gradually.
The team will also monitor the network’s performance for five days post the update to track the performance and the behavior. The constant monitoring will also help to determine the next increment.
Cardano’s roadmap for the year
Without a doubt, Cardano (ADA) is one of the most well-known cryptocurrency initiatives. Even though the token has not performed as well as it would like, it still has a significant following and several forthcoming releases.
In 2022, one of Cardano’s main aims is to improve capacity so that the blockchain’s user base may grow significantly.
Tim Harrison, the Vice President of the Cardano Ecosystem, hinted about a massive release in June.
Cardano will almost certainly have a big month in June. The Vasil hard fork, which has been long anticipated, is slated to happen around June.
The event will be remembered as one of the most significant in highlighting Cardano’s development. A majority of decentralized apps have been waiting for the Vasil hard fork.
The number of wallets holding Cardano’s ADA has risen considerably in the last year. The rising trend has been quite encouraging.
The number of wallets carrying ADA has expanded dramatically after December 2020. The jump in wallets from 186,000 to 3,200,000 is really impressive.