Cardano blockchain is undergoing major technical upgrade, what should the ADA community expect?
- Cardano Node version 1.35.6 improves decentralization and dynamic P2P that improves node communication and makes the Cardano blockchain more efficient.
- Whale activity on the Cardano blockchain is improving, showing increasing institutional interest in the ADA crypto.
Leading blockchain network Cardano recently received a new update with Cardano Node version 1.35.6 going live on the mainnet. This new update seeks to bring further decentralization to the Cardano blockchain network along with adding peer-to-peer support. This new update will also allow Cardano nodes to connect without relying on the development network protocol or a central server.
Breaking 🚨:
Cardano Node version 1.35.6 is on the mainnet!
This release delivers dynamic P2P functionality to the Cardano node, making the network more resilient! #Cardano getting stronger with every update! 💪 pic.twitter.com/DPFEIB2e99
— Subcritical (@SubcriticalTV) March 16, 2023
The latest update should strengthen the Cardano ecosystem and thus make it more robust and secure. As said, the introduction of node 1.35.6 will make it easier for other Cardano nodes to connect to each other.
For this, users just need to change the “Enable P2P” setting to true while updating the configuration file with a new connection setup. However, the old connection method will still be available for those who prefer it.
The latest update will also include several new trackers and configuration options such as Inbound governor and Outbound governor. The incoming governor manages connections on the responder side of all miniprotocols. On the other hand, the outgoing governor shall be responsible for managing connections to root peers, established peers, known peers, and active peers. Thus, these governors play a crucial role in making the Cardano blockchain network more efficient and secure.
In addition, the update improves the Connection Manager component that tracks the state of all TCP connections while enforcing various timeouts. Thus, the Cardano blockchain will be able to handle a number of connections simultaneously without hampering network stability.
Dynamic P2P Ehnaces Nodes Communication
The latest node v.1.35.6 brings dynamic peer-to-peer (P2P) connectivity to improve node communication on the Cardano blockchain. Dynamic P2P will make the Cardano blockchain a much more efficient and intelligent network while actively adjusting the blockchain’s configuration to provide optimal results.
1/ Dynamic peer-to-peer (P2P) connection is provided with node v.1.35.6 release to improve node communication.
Dynamic P2P does #Cardano a much more intelligent network, able to actively adjust the blockchain’s configuration to provide optimal results. pic.twitter.com/cLUAzcEXog
— Input Output (@InputOutputHK) March 17, 2023
Cardano’s parent group Input Output notes: “Dynamic P2P enables SPO relays to automatically connect to each other, replacing the current manual configuration process. This automation: – Saves the SPO’s time and effort – Optimizes network performance – Makes the network more resilient to any communication delays or downtime – Strengthens security by deterring denial of service (DoS) attacks.
Cardano (ADA) is seeing increasing institutional interest
Cardano’s native cryptocurrency ADA is currently ranked seventh and has gained nearly 5% in the last 24 hours. As of press time, ADA is trading at a price of $0.344 with a market capitalization of $11.9 billion.
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On-chain activity for the Cardano blockchain shows strong whale activity on the network, indicating growing institutional interest in the ADA crypto. There has been a sharp increase in the volume of large transactions over $100,000 recently.
Popular crypto market analyst Ali Martinez wrote: “The volume of large #ADA transactions exceeding $100,000 on #Cardano the network is on the rise! This trend indicates institutional investors’ and $ADA whales’ increasing commitment, sheds light on their investment strategies”.
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