Thread by @InputOutputHK

PARAMETER UPDATE: Today, we have commenced the update proposal process to increase Plutus script memory units per transaction on the #Cardano mainnet by 1.25M. This initial change will take effect at the boundary of epoch 317 on Tuesday 25th January at UTC 21:44:51 🧵↩️

The current #Plutus script memory units per transaction = 11.25M. After this change, it will be 12.5M. This incremental adjustment is the next in a continuing series of planned adjustments & network optimizations we’ll make as we start to scale #Cardano for future growth. 2/9

This change will provide increased resources for Plutus scripts and the DApps utilizing them. Once deployed, we shall monitor carefully over at least one epoch (5 days) to determine the next increment. Continuing close observation & orientation will be key throughout. 3/9

Cardano has seen phenomenal growth in recent months. With the huge recent rise in transaction volume – and significant further growth expected – we’ll be continuing to very carefully tune, monitor and steadily optimize the #Cardano network as we grow. 4/9

We're already seeing a huge number of exciting #CNFT projects thriving on #Cardano. With the arrival of many exciting new #DeFi projects over coming weeks, users should expect network congestion & this may be significant at times of peak load around launches and large drops. 5/9

While users may experience delays in transactions going through, the network has been designed to safely manage high peak loads. Throughput will steadily improve as we continue to optimize. For a deeper dive on how this works, check out this blog: iohk.io/en/blog/posts/… 6/9

#Cardano is one of the most decentralized blockchains in the world, built for correctness & security. As the ecosystem grows, we’re now focused on delivering the scaling phase of our roadmap; improving speed & network capacity while maintaining security and decentralization 7/9

For a full rundown of the 11 different ways we shall scale #Cardano this year, here’s a useful summary from Director of Architecture, John Woods, taken from January's mid-month development update 8/9

Thanks to all the incredible #CardanoCommunity for the passion, collaboration and commitment that has brought us so far. Here's to a 2022 of exciting ecosystem growth. Onward. 9/9