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The Cardano (ADA) network will shortly be receiving a new update that will increase its overall network capacity while improving its user experience. scale and improve the user experience of the project’s network.
Cardano’s development firm, Input Output Hong Kong (IOHK), made the announcement on Twitter, saying that the network’s block size will increase by more than 10% from 72KB to 80KB.
According to IOHK, the “adjustment forms part of a planned series of network optimizations. Cardano will continue to be steadily optimized in a series of measured steps this year, carefully & methodically scaling Cardano for future growth as demand increases.”
In addition, the firm also revealed that it will increase the script memory units per transaction on the Cardano mainnet from 12.5 million to 14 million.
Both upgrades take effect on Friday and are part of Cardano’s ‘Basho’ scaling phase throughout 2022, IOHK states:
“We’re committed to delivering the ‘Basho’ scaling phase of the Cardano roadmap through 2022 as the ecosystem grows; improving speed & additional network capacity all the while maintaining security and an ongoing commitment to secure decentralization.”
ADA is trading at $1.05 at press time, showing slight upward movement of 2% in the last 24 hours according to CoinMarketCap.