Thread by @InputOutputHK

NETWORK UPDATE: Today, we have proposed the next parameter update as we continue to increase #Cardano network capacity in line with the plan. The proposal will increase block size by a further 8KB taking it from 72KB to 80KB.
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This latest adjustment represents an increase of c. 11%.⬆️

In addition, an update proposal has also today been triggered to increase #Plutus script memory units per transaction on the #Cardano mainnet from the current 12.5M to 14M – an increase of 1.5M.

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The increases to block size and memory units will both take effect at the boundary of epoch 319 on 4 Feb at 21:44:51 UTC and are in line with our announced plan to scale and optimize #Cardano network throughput.

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Together, these enhancements will provide additional resources for #Plutus scripts to improve DApp user experience while increasing overall network capacity.

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This adjustment forms part of a planned series of network optimizations. Cardano will continue to be steadily optimized in a series of measured steps this year, carefully & methodically scaling #Cardano for future growth as demand increases

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Continuing observation of 'real world' performance & the cumulative impact of parameter changes is key throughout this process. Following each update, we carefully monitor & assess network response over at least one epoch (5 days) before continuing with further adjustments

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The network has been designed to safely manage high peak loads and throughput will steadily improve as we continue to optimize. This latest change will continue to improve the user experience.

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Please expect to see increased and often significant load around highly-anticipated new DApp launches and large NFT drops. Remember, there are no failed transaction fees on #Cardano.

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We’re committed to delivering the ‘Basho’ scaling phase of the Cardano roadmap through 2022 as the ecosystem grows; improving speed & additional network capacity all the while maintaining security and an ongoing commitment to secure decentralization. 🙏
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