1/ Thank you to @IOHKMedia for writing a detailed and encouraging posts on optimizing Cardano performance, and what we can currently do as developers to improve it.
A thread on some things we're doing that fall in line with what is laid out in this post:
2/ "The reason for this oversaturation lies in the fact that...several users trying to purchase the same NFT and thus attempting to process transactions at the same time."
We enforce a limit of around a max of ~960 simultaneous Handle purchases within 30 minutes.
3/ "The reason for this oversaturation lies in the fact that...[NFT drops perform] simultaneous refund transactions to users who were unable to purchase the NFT."
We avoid this by processing refunds *after* the minting phase is complete for our initial beta sale, in batched txs.
4/ "But in the short to mid-term at least, this is a matter of building more efficient traffic systems rather than widening the roads."
We use SMS verification to throttle the inflow of users wishing to purchase a Handle, allowing no more than 120 users at a time.
5/ All-in-all the space is still early, as the post reads. We're all learning, and our approach is as experimental in its lifecycle as it is across the entire ecosystem.
As always we hope to be as transparent as possible, and hope to give the community detailed results.
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The Domain Name System (DNS) is a hierarchical blanket over Web 2.0 (the current iteration of the internet).
It is an essential naming system for computers, services and private networks alike.
2/ It is a very useful tool in bridging computer-compatible language to human-readable form.
DNS was one of the main features that bolstered the adoption of the internet.
Blockchains and crypto have opened our eyes to the possibilities of the next evolution of the internet.
3/ We call this Web 3.0.
In Web 3.0 the trophic coherence, or the way in which a hierarchy is instituted, has freedom to form its own design, whether it be horizontal, vertical or anything in between and still maintain efficiency.