Cardano’s February release promises a lot, but there’s more to come

The Cardano network faced several congestion issues last month as large decentralized applications (dApps) were rolled out on the network. However, it has since accelerated efforts to solve these scalability issues. It recently unveiled a road map that is “focused on performance optimization and scalability”. And it seems to be on time, with the February release launching on the network earlier today.

The updates in the February release, the addition of multi-signature transactions is in incremental stages, allowing two parties to sign a transaction at different times rather than together. Node users can also accurately estimate the cost of running a Plutus script, which should aid in the on-chain execution of smart contracts.

Stake pool operators to take advantage

According to the Github releaseCardano Node version 1.34 is especially beneficial for stake pool operators, as it has added a number of new commands and options for easier accessibility, such as the ability to check their own leadership scheme and preview the next era.

In a recent interview, IOHK’s director of Cardano Architecture John Allan Woods explained that the February release was ultimately developed to make the end user more user-friendly, in particular by reducing the amount of data required to process the network. He said,

“For people using Deadlus or a node at home, they need less RAM because we’ve been able to make more efficient optimizations to the structure of data in RAM. Ultimately, the node is less resource-intensive and requires less of the host’s computer.” End User.”

These optimization features are being launched as release implementations, which “group new features for our technology stack into more manageable periodic releases,” according to a blog post from Cardano’s development department IOHK. This grouping strategy aims to increase the predictability of the network so that companies can prepare for the upgrades, it added.

The February release is the first of three major code drops that will be released in 2022 and are aimed at upgrading the core network. The other two will take place around June and October, also featuring hard fork combinator (HFC) events, IOHK revealed, adding:

“These include key elements of our scaling plan such as pipe-lining, new Plutus CIPs, UTXO on-disk storage and Hydra… IOG is working on a host of new products and features, from a DApp store and a new light wallet- product to Mithril fast synchronization solution and side chains.”

Leave a Comment