In cryptocurrency
attention all cardano holders this is
your warning there's a specific date
coming up which will be the best yet
worst day if you hold cardano in today's
Post i'm going to give you all the
information
on in the cryptocurrency market and
that's exactly what we're doing today
january 20th 2022 will be a pivotal day
for cardano holders cardano enthusiasts
and anyone connected to the cardano
ecosystem in crypto you're
already aware that in 2021 cardano
upgraded to become fully smart contract
capable well today near the beginning of
2022 one of the first dapps launches on
cardano it's called sunday swap a
decentralized trading protocol on
cardano sunday swap is a native scalable
decentralized exchange and automated
liquidity provision protocol think of
this like a uniswap think of this
as the beginning of cardano's foray into
d5 into dapps into nfts and of course at
the middle of it all is sunday swap a
uniswap like
automated market maker decentralized
exchange as charles hoskinson says
congratulations to the sunday team and
ecosystem it was a long and hard road
for them also many more cardano dapps
coming online this quarter to look
forward to
this will be the best yet worst day for
cardano holders or at least it could be
pay attention let me explain why
thoughts on sunday swap cardano's first
decks
i believe the sunday swap launch will be
the so far
greatest yet worst day for cardano it
will be the greatest because this will
be the first time when a wider audience
gets access to defy on cardano it's
going to be absolutely wild to see that
happening
worst because it will bring cardano to
its current maximum in terms of scale
ability
don't fool yourself the cardano mainnet
cannot handle the coming amount of
transactions in an acceptable way yet
let me know what you think about this in
the comments section below
we have a clear road map of how to get
there but we are not there yet
think about it in the last 24 hours
we've had a consistent 82 percent load
on the chain and this is without sunday
swap
we've seen time and time again that
simple nft launches can lead to a lot of
congestion on the chain slowing down
transaction times and leading to really
bad user experiences
and this is without sunday swap
so my personal hypothesis is that on
thursday instead of celebrating the
success of sunday swap cardano's first
decks a lot of news outlets and
outsiders will focus on the scalability
of cardano and how it can't hold up yet
this will lead to one of the biggest
controversies that we've ever seen in
this space
if you don't believe me ask yourself why
did iohk post this article just before
the sunday launch or why did sunday swap
write this article a week ago
these articles are how were scaling
cardano in 2022 from input output and
expectations congestion and mainnet
launch from sunday swap labs
they're trying to prepare us for what's
coming and honestly cardano holders
we're still not prepared it's going to
be an absolute s storm and we'll see
more fought towards cardano than ever
more hate towards cardano than ever
receive more criticism and be ridiculed
by more people in short it will be a
hard time for the cardano community
cardano community comment your thoughts
to this in the comments section below
so what do we do
what do we do guys what do we do
we educate
we show people the iohk article
mentioned above tell them about hydra
about milk omeda and about all the
things that are coming make clear that
this is only temporary be prepared don't
let the hate get to you
so to sum up don't be afraid celebrate
the launch of sunday swap on thursday
and let's look forward to a bright
future for cardano oh and if you think
this is fud well then so be it so be it
live in your bubble at altcoin daily we
try to provide you with the whole
picture
this is why you subscribe and with that
being said let's go through some of this
article and talk about how cardano is
scaling in 2022 before we get to that my
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how is cardano scaling in 2022 well with
core smart contract capabilities now
deployed the next phase for cardano
focuses on performance optimization and
scaling and it starts right here so
again i encourage you to seek this
article out for yourself make your own
decisions do your own research but some
of the things that you can look forward
to with cardano scaling in 2022 let's
talk about on-chain solutions and then
we'll talk about off-chain solutions
on-chain scaling solutions block size
increase the bigger the block the more
transactions it can carry block size was
recently increased
from 8 kilobytes to 72 kilobytes a 12.5
percent increase further increases will
be applied over time based on ongoing
system monitoring and overall network
health next on chain solution pipelining
improves block propagation times by
coalescing validation and propagation
the goal is for blocks to be propagated
to at least 95 percent of peers within
five seconds by reducing the dead time
between blocks the block propagation
overhead this provides the headroom to
make more aggressive scaling changes
such as increasing block size increasing
plutus parameter limits
input endorsers memory cpu parameters
for plutus plutus script enhancements
node enhancements as in water node
enhancements improvements will help even
distribution of stake and reward
computations across the epochs thus
providing greater headroom for block
size increases also memory usage is now
more efficient to go further on disk
storage and then we have off-chain
solutions so there's on-chain solutions
and there's off-chain solutions
off-chain solutions we've seen some of
this stuff before side chains
hydra
off
computing mithril
to achieve greater scalability you need
to address the complexity of critical
operations that depend
logarithmically on the number of
participants mithril will improve chain
synchronization while maintaining trust
the result
multi-signature aggregation that is fast
and efficient without compromising
security features and these are the 11
ways that cardano is scaling in 2022
now the good thing about all of this
is that cardano can stand on the
shoulders of giants ethereum has made a
lot of mistakes scaling bitcoin has been
slow to scale
and plenty of other protocols besides
that cardano can look at all of those
and take the good ideas and recognize
the bad ideas and scale more efficiently
in 2022.
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