- Cardano is under significant regulatory pressure.
- Cardano is committed to releasing new updates despite regulatory challenges.
- The PoS chain has launched a new update that significantly impacts the network.
Despite facing scrutiny from the United States Securities and Exchange Commission (SEC), Cardano continues to thrive and update its network.
Demonstrating its unwavering commitment to its development goals, Cardano has released yet another important update aimed at enhancing the network’s performance.
Anticipated Update
On June 19, Cardano released an anticipated update to the mainnet that plans to enhance network performance, especially for stake pool operators (SPO). Node 8.1.1 is a minor upgrade that significantly improves epoch boundary performance and addresses concerns with peer-to-peer network communications and the Cardano-based domain name system (DNS).
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Developers on the network are urging stake pool operators and users to upgrade their Nodes to the latest version.
Node 8.1.1 brings many things to the table, such as improved efficiency, enhanced scalability, stronger network security, and better reward distribution. It also tackles the likelihood of bottlenecks and performance issues in the network, ensuring the network is consistently performing. The update could significantly improve network performance and, in turn, its DeFi ecosystem.
How Does the New Node Update Impact Cardano’s Performance?
Node 8.1.1 builds upon the inherent issues in node 8.0.0, specifically the challenges associated with epoch transitions on the Cardano blockchain. Epochs are reward cycles on Cardano that last 432,000 slots or approximately five days. Users stake ADA tokens during these epochs, during which new blocks on the network are produced.
The new update changes epoch calculations, resulting in faster network processes during epoch transitions. This leads to faster transactions and smart contracts, translating to reduced latency.
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These improvements will significantly improve the Cardano experience for both SPOs and users. With Cardano’s DeFi ecosystem witnessing rapid growth in its total value locked (TVL), the new update also aims to target the network’s areas where it’s experiencing the highest growth rate.
Despite the new node update, Cardano’s ADA token has not experienced significant price movement. At press time, the token remained stagnant at $0.26, with a market capitalization of $9 billion.Â
On the Flipside
- The SEC’s crackdown on Cardano has not impacted active users on the network.
- Cardano recently made a new DeFI TVL all-time high of 507 million ADA, a 250% increase since the start of the year.
Why This Matters
Despite regulatory pressure, Cardano remains steadfast in its commitment to expanding its network and consistently releasing updates and protocols. The new node update significantly enhances the network experience for users and SPOs, which could profoundly impact the network’s DeFi ecosystem.
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