The data shows that the Cardano network is only used by 40%
Currently, the Cardano network uses on average about 40% of its capacity. However, the Cardano Ouroboros protocol is designed to process huge amounts of data, as well as transactions and scenarios of varying complexity and size, so the most effective scenario for Cardano is to work at a level close to 100% of its capacity.
In an effort to increase transaction throughput, IOHK has increased the block size limit twice this year to allow for more transactions per block. The block size was increased from 64 KB to 80 KB, and then to the current 88 KB. Larger block sizes mean that more transactions can fit into the block, which increases throughput for users.
According to IOHK, increasing the bandwidth of a blockchain such as Cardano is crucial for security, as increasing the load on the system can open up the potential for DOS attacks. As a result, a deliberate and careful process should be followed when making such changes.
Preparation for the Vasil hard fork continues
Last week, the IOG teams branched the Cardano test network into the Vasil functionality.
According to the latest weekly report, the teams are currently updating dependencies and working closely with the SPO and the community to solve problems with the test network. Work on pipeline support and adding tests for greater confidence and preventing regression is still ongoing.
In addition, the Hydra team has mainly focused on updating the node so that it is fully functional with Vasil. In addition, work is currently underway on the upcoming release of Hydra-node v.0.7.0, which will work in a test network with a hard fork.
Currently, 1029 projects are being built on Cardano. The number of NFT projects is 5868, and the number of native Cardano tokens is 5.4 million.
According to CoinMarketCap, at the time of publication, ADA was trading down 4% to $0.443.
https://coin-signal.com/cryptonews/the-data-shows-that-the-cardano-network-is-only-used-by-40/
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