Cardano Development Team Launches New Update Improving Network’s Processing Capacity By 10%

A hard fork combinator enhances Cardano’s processing power by 10%.

Cardano’s development team introduced a hard fork combinator into the network today. However, the network wasn’t affected in any way. Users continued with their normal activities on the network without noticing any changes.

Consequently, the network’s transaction processing speed has increased by 10%. This would be good news for Cardano users and ADA (the native token)’s holders, as the news is expected to cause an increase in ADA price.

This 10% increase represents a significant network enhancement which will help continue to increase throughput and DApp performance. It is the latest in a series of planned network optimizations we’re making to continue scaling #Cardano throughout 2022. 2/5

— Input Output (@InputOutputHK) April 25, 2022

IOHK reveals details about this proposal

On Monday, Cardano’s technical team (the input-output network, IOHK) tweeted that the update proposal to upgrade Cardano’s mainnet block size was approved over the weekend and would be implemented by yesterday evening. The IOHK further revealed that the goal of this update is to increase the Cardano’s block size from 80kb to 88kb.

The increment is expected to enhance the network’s throughput and Dapp performances. IOHK further revealed that this enhancement is one of the many optimizations planned for the network as it keeps making moves to scale Cardano throughout this year.

“After deployment, we will closely monitor the network’s performance and behavior over the next five days. Our performance analysis will determine when we should make the next increment,” IOHK further said.

Cardano’s growth has been exceptional since the start of the year, and the performance improvements are one of the factors responsible for this growth. The network will likely grow faster than before as the year winds down, as transaction volumes are expected to keep increasing more than it has happened this year.

More improvements are still necessary for Cardano to become a true Ethereum competitor

According to a recent Etherscan data shared by Twitter user, sobizR, Cardano would still need to increase its block size before it can be considered a true Ethereum rival. SobizR tweeted an Etherscan data which showed that Ethereum’s average block size is 95kb which is still way higher than Cardano’s 88kb average block size.

DYK #Cardano still has a *lot* of room to increase its block size? For reference:

♦️Ethereum: 95kb x 13sec
= 7.3kb/sec
= 438kb/min

?Cardano: 88kb x 20sec
= 4.4kb/sec
= 264kb/min pic.twitter.com/bUyS0XpUgm

— sobizR (@sobizR) April 26, 2022

The blockchain analyst opined that Cardano’s block size would need to reach 150kb before having a similar kb/min rate as Ethereum. However, he remarked that the block size increment needs to be gradual. He suggested that the increments can be done via Cardano sidechains until the arrival of layer-2 scaling solutions.