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What happened to ADA after upgrade to increase block size?

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The developers of Cardano (ADA) have proposed an upgrade that they say will help scale and improve the user experience of the project’s network.

As the developers explained, the update increased the block size of the Cardano network from 72KB to 80KB.

With this, according to the Cardano blockchain development company, Input Output Hong Kong (IOHK), transactions with ADA will be even faster and more efficient.

Additionally, an upgrade increased the script memory units per transaction on Cardano from 12.5 million to 14 million.

According to IOHK, the improvements was scheduled to take effect on Friday, February 4th.

“Together, these enhancements will provide additional capabilities for Plutus scripts to improve DApp user experience  while increasing overall network capacity,” he said.

Cardano upgrades

According to IOHK, this adjustment is part of a planned series of network optimizations:

“Cardano will continue to be constantly optimized in a series of steps that will be released and announced this year. We will carefully and methodically scale the network for future growth as demand increases.”

According to IOHK, the network is designed to safely manage high data loads. Therefore, it needs to be constantly updated and transformed.

“The throughput will constantly improve as we continue to optimize. This latest change will continue to improve the user experience.”

And ADA?

Regarding the ADA price, analyst Rakesh Upadhyay highlighted that the cryptocurrency is struggling to recover from the $1 support. This indicates a lack of urgency among traders to accumulate at current levels.

“If the bulls fail to push and sustain the price above the moving averages in the coming days, the possibility of a breakout below $1 could increase. If that happens, the ADA/USDT pair could resume its downtrend,” he pointed out.

At the time of writing, ADA is trading at $1.13. In the last 7 days, the price of the cryptocurrency has jumped 7,35%.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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