According to crypto research firm Messari data, Cardano (ADA) has reached the first place in terms of transaction volume, surpassing Bitcoin and Ethereum. The parameters of the network support the development as the Pos Blockchain giant continues to work on scaling solutions during the “Basho” phase of its roadmap. As Kriptokoin.com, we provide details on altcoin projects…
Altcoin project surpasses leading Blockchains
Adjusted transaction volume remains a viable option for isolating only the most critical transactions. Cardano has surpassed Bitcoin and Ethereum in terms of adjusted volumes, with 24-hour volume at $17.15 billion versus $4.67 billion and $4.25 billion for the latter. Cardano users also paid cheaper costs than Bitcoin and Ethereum users.
Other prominent parameters in the Cardano network, according to Messari data:
- In the previous 24 hours, Cardano users have been charged 0.51 million in transaction fees, respectively. $19.39 million, while they spent only $51,985.43 on Bitcoin and Ethereum.
- While some competitors dismiss Cardano as a “ghost Blockchain”, it already has several decentralized applications (dApps) running on the Blockchain and the number of ADA token wallets has exceeded three million.
- Only three weeks into the market, Cardano’s SundaeSwap has reached a milestone in over 75 million ADA exchanges.
Plutus updated according to IOHK
Altcoin project Cardano parent firm IOHK has started a new bidding process to raise the memory unit-per-block limit for Plutus scripts on the Cardano mainnet. As part of IOHK’s planned series of upgrades and enhancements focused on scaling Cardano, the Plutus memory unit limit per block will be increased from 50 million at the term limit on February 14 to 56 million.
A previous parameter change increased the Plutus RAM limit per process to 14 million. According to IOHK, raising the per-block RAM limit will allow developers to take full advantage of the previous change and run up to four Plutus scripts per block. Cardano’s smart contract framework, Plutus, allows script apps to communicate with Blockchain.
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