Welcome back everybody to altcoin daily, where you subscribe for daily videos on everything going onin cryptocurrency attention all cardanol holders this. Is your warning there’s a specific date coming up, which will be the best yet worst day if you hold cardanol in today’s video. I’M going to give you all the information like the video if you appreciate us coming at you on a daily basis and. If you’re new to the channel make sure you subscribe, we drop one video every day keeping. You informed on everything going on in the cryptocurrency market and that’s exactly what, we’re doing today January 20th, 2022 will be a pivotal day for cardanol holders cardan enthusiasts and anyone connected to the cardan ecosystem.
If you subscribed to us back in 2021or, you were in crypto you’re, already aware: tahini 2021 cardanol upgraded to become fully smart contract capable well today, near the beginning, of2022, one of the first damps launches on cardan it’s called Sunday swap a decentralized trading protocol on cardanol Sunday swap is A native scalable decentralized exchange and automatedliquidity provision protocol think of this like a uniswap think of this as the beginning, ofcardano’s foray into d5 into dapps into nfts andof course at the middle of it all is sundayswap a uniswap like automated market makerdecentralized exchange as charles hoskinsonsays. Congratulations to the sunday team andecosystem. It was a long and hard road for themalso many more cardano dapps coming onlinethis quarter to look forward to this will bethe best yet worst day for cardano holders. Orat least it could be pay attention. Let me explainwhy thoughts on sunday swap cardano’s.
First decksi believe the sunday swap launch will be theso far greatest yet worst day for cardano itwill be the greatest, because this will bethe first time when a wider audience getsaccess to defy on cardano. It’S going tobe absolutely wild to see that happeningworst, because it will bring cardano to itscurrent maximum in terms of scale. Abilitydon’T fool yourself: the cardano mainnet cannothandle, the coming amount of transactionsin an acceptable way. Yet let me know what youthink about this in the comments section belowwe have a clear road map of how to get therebut. We are not there yet think about it.
In thelast 24 hours, we’ve had a consistent 82 percentload on the chain, and this is without sunday swapwe’ve seen time and time again. That simplenft launches can lead to a lot of congestionon the chain slowing down transaction times, andleading to really bad user experiences and thisis without sunday, swap so. My personal hypothesisis that on thursday, instead of celebrating thesuccess of sunday swap cardano’s, first decksa lot of news outlets and outsiders will focuson the scalability of cardano and how it can’thold up. Yet this will lead to one of the biggestcontroversies that we’ve ever seen in this spaceif. You don’t believe me ask yourself: why did iohkpost this article just before the sunday launchor?
Why did sunday swap write this article? A weekago? These articles are how were scaling cardano in2022 from input output and expectations. Congestionand mainnet launch from sunday swap labs they’retrying to prepare us for what’s coming, andhonestly cardano holders we’re still not preparedit’s going to be an absolute s. Storm and we’ll seemore fought towards cardano than ever.
More hatetowards cardano than ever receive more criticismand, be ridiculed by more people. In short, itwill be a hard time for the cardano communitycardano community comment, your thoughts to thisin the comments section below. So what do we dowhat? Do we do guys? What do we do?
We educate weshow people, the iohk article mentioned abovetell them about hydra, about milk, omeda andabout, all the things that are coming, makeclear, that this is only temporary beprepared. Don’T let the hate get to youso. To sum up, don’t be afraid, celebrate the launchof sunday swap on thursday and let’s look forwardto a bright future for cardano, oh and if you thinkthis is fud. Well, then so be it so be it live inyour bubble at altcoin daily. We try to provide youwith the whole picture.
This is why you subscribeand with that being said: let’s go through some ofthis article and talk about how cardano is scalingin 2022. Before we get to that my question to youis, have you gotten a credit card that gives youbitcoin back on every purchase, yet the best in thegame? In my opinion, is our sponsors card block fiearn an unlimited 1.5 back in bitcoinon every single purchase, zero annual feehuge differentiator? No foreign transaction feessee, if you’re pre-approved with zero impact, toyour credit score.
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If you make big purchases foreverand, if you trade in a block fire account, you canearn point two: five percent on all eligible tradesthis is the card to have my friends block fi.comaltcoin daily cc, zero impact to your credit scoreuse. The link in the description check it out. Nowhow is cardano scaling in 2022, well with coresmart contract capabilities now deployed thenext phase for cardano focuses on performanceoptimization and scaling, and it starts right hereso again, i encourage you to seek this article outfor yourself make your own decisions. Do your ownresearch, but some of the things that you can lookforward to with cardano scaling in 2022, let’s talkabout on-chain solutions and then we’ll talk, aboutoff-chain solutions, on-chain scaling, solutionsblock size increase, the bigger the block, the moretransactions it can carry block size was recentlyincreased from 8 kilobytes To 72 kilobytes, a 12.
percent increase. Further increases will be appliedover time based on ongoing system monitoring, andoverall network health next on chain, solutionpipelining improves block propagation timesby, coalescing validation and propagation, the goalis for blocks to be propagated to at least 95percent of peers within five seconds by reducingthe dead time between blocks the Block propagationoverhead: this provides the headroom to make moreaggressive scaling changes such as increasingblock size, increasing plutus, parameter, limitsinput, endorsers memory, cpu parameters for plutusplutus script, enhancements, node, enhancements, asin water, node, enhancements improvements, will helpeven distribution of stake and reward computationsacross the epochs, thus providing greater headroomfor block Size increases also memory usage, isnow more efficient to go further on disk storageand. Then we have off-chain solutions, so there’son-chain solutions and there’s off-chain solutionsoff-chain solutions. We’Ve seen some of this stuffbefore side chains hydra off computing, mithril, toachieve, greater scalability. You need to addressthe complexity of critical operations that dependlogarithmically on the number of participantsmithril will improve chain, synchronizationwhile, maintaining trust the result, multi-signatureaggregation that is fast and efficient, withoutcompromising security features and these arethe 11 ways that cardano is scaling in 2022now.
The good thing about all of this is thatcardano can stand on. The shoulders of giantsethereum has made a lot of mistakes. Scalingbitcoin has been slow to scale and plenty ofother protocols. Besides that, cardano can look atall of those and take the good ideas and recognizethe bad ideas and scale more efficiently. In2022.
This is what being early looks. Likethis is what being early feels like and we’re atthe forefront of all of this at altcoin daily andin crypto. If you want to stay up to date with allof this and more make sure you subscribe to ourchannel, we update you on a daily basis, if there isa cryptocurrency that you wish us to cover more indepth comment that coin below i’ll be looking withthat being said, i Will see you tomorrow, my friends