Cardano Is Currently At 94% Load, Only 6% Left-What To Expect
Sebastien Guillemot, the co-founder of dcSpark and Cardano contributor, recently highlighted a concern about the ADA blockchain network ecosystem.
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In a yesterday, Guillemot stated that the Cardano blockchain network is currently at a 94% load, with only 6% left until it reaches max capacity.
Cardano is currently at 94% load! Only 6% left until Cardano is at max capacity What does that mean, and how can you be prepared 🧵 — Sebastien Guillemot (@SebastienGllmt)
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Another thing users can expect when Cardano hits 100% max capacity is the likelihood of staking pools selling priority access to decentralized applications (dApps) and even to some users. Guillemot urged that when staking pools start selling priority access to select DEXs and dApps, it would be a good time for users to pay attention to how this move impacts one DEX to another and in choosing which DEX is suitable to leverage at any given time.Way Forward To Scalability
While Cardano nears max capacity, the dcSpark co-founder has suggested how to scale and reduce load pressure on the blockchain, having touched on what users can expect if it happens. Guillemot had listed several ways to scale the blockchain, including increasing block sizes and migrating more decentralized applications (dApps) to Plutus V2. He also suggested using sidechains and layer 2 blockchains to shoulder traffic off layer 1 and developing a data availability layer to transfer more data off layer 1 so that there is ample room for more blocks. At press time, ADA trades at $0.363, a 0.91% increase from its daily low.ADA experiences a steep decline in price on the daily timeframe | Source:
Featured Image from Istock, chart from TradingView.com