We can expect significant network traffic around the launch of new #DApps, especially in the early days. And especially around the most hotly anticipated new #DeFi launches, with many coming soon.
🧵1/7
In these (still very) early days, demand will very likely exceed capacity at peak times. To support ongoing growth & ensure #Cardano maintains its resilience & robustness, we’ll be making a series of node and #Plutus improvements and steady adjustments to network parameters. 2/7
Today, we have released a new #Cardano node version (v 1.33.0).
The network is designed to run at peak capacity and extensive benchmarking suggests significant performance improvements which will help smooth out network peaks, giving us further scope for parameter changes. 3/7
This is just the first in a program of steps to steadily tune the network & increase network capacity, safely. While this steady approach may mean initial congestion, our goal remains as ever to maintain the robustness & security of the network. Steadily scaling as we grow. 4/7
We have some exciting months ahead. Expect FUD too. yet, from our eUTXO approach to our Ouroboros protocol, #Cardano has been architected to offer a secure, highly decentralized, highly scalable platform (and highly updateable) for a future of finance measured in many decades 5/7
Some impatience is inevitable & expected. But remember. Slow & steady wins the race. Careful, iterative changes will provide ongoing improvements and enhancements to #Cardano's utility while meeting our commitment to decentralization. And avoiding the pitfalls...
6/7
We'll continue to bring you regular updates throughout early 2022 as we continue to add capacity and increase secure throughput.
To learn more about how are we steadily adding capacity and scale for the future, please have a read. 7/7 bit.ly/3l2Aw5l
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While you might have been taking it slow over the past few weeks, projects #BuildingOnCardano have been working restlessly on everything from #DeFi, marketplaces & DEX projects to solutions for identity, gaming, oracles, wallets and more. 1/n
ICYMI we've assembled just a few of the latest announcements & news from the ecosystem in the below thread👇
Let us know in the comments if we missed any 🙏 2/n
Later today, @SundaeSwap will launch their DEX on the #Cardano TestNet launch. We’re expecting a huge amount of interest in this highly-anticipated event, and lots of activity. This is why we are collaborating. Because we're looking to learn a lot, too.
1/8
The test is intended to put the network under high throughput so we can monitor and analyse the current network parameter settings. As a user, expect congestion on the testnet. This will be a sign that we are getting the traffic volume we want/need to properly assess!
2/8
And expect bugs in the DEX. The @sundaeswap team is encouraging you to find some. Remember this is early #DApp software, and it's still early days for #DeFi on #Cardano. Testnets are a key part of iterating & improving the experience. Read more:
LAUNCH CONFIRMED: Today, around 17:26 UTC we successfully submitted an update proposal to the #Cardano mainnet, to trigger a hard fork combinator event on Sunday 💪🙌 #Cardano $ADA 1/6
The #Alonzo HFC event will be the most significant upgrade yet, laying the firmest of foundations for an exciting new era of #smartcontracts on #Cardano. Here's the moment – just minutes ago – that Sam submitted the upgrade proposal 2/6 🤘
On Sunday, core Plutus #smartcontracts capability will be deployed to the #Cardano mainnet using our unique HFC technology. Along with compatibility upgrades across the whole software stack 3/6
IMPORTANT THREAD: Over the past 24 hours we have seen a lot of social media speculation (and let's face it, outright FUD & misinformation) over Cardano’s ledger approach and specifically ‘concurrency’. Let’s clear this up. #Cardano $ADA 1/n
Cardano is a UTxO (Unspent Transaction Output) blockchain, which utilizes a different programming paradigm for DApps than on account based blockchains like $ETH 2/n
The specific flavor #Cardano uses is the eUTxO – or extended model which we believe offers greater security, allows for fee predictability (no nasty surprises...) and offers more powerful parallelization. 3/n
❗🍴 Today, we have just submitted an upgrade proposal to the #Cardano testnet to hardfork the chain into the #Alonzo era and enable smart contract capability. This will take effect within the next few hours. 1/5
🤯🍄 This is a major milestone and marks the final, critical stage prior to hard forking the #Cardano mainnet, on target for 12 September. $ADA
2/5
🔬 Over the days ahead, we’ll be doing final checks and testing within a controlled environment to ensure that we are ready to upgrade the main #Cardano network. And usher in a transformative era of #smartcontracts capability.
3/5
ALONZO UPDATE: We’re delighted to announce that we have now successfully spun up #AlonzoPurple and have today begun the new user onboarding process👍 💪
1/12
This is an exciting and important next step in the #Alonzo journey. In fact, the #Cardano journey. With the support of our OG community testers on the Blue & White phases, #AlonzoPurple will be the first fully public Cardano testnet to support #smartcontracts 🚀
2/12
It's an important moment, marking significant progress in the rollout of #smartcontracts on the #Cardano mainnet which is targeted for the end of August/early September.
3/12