Cardano Completes Network Upgrade, ADA Reacts To The Upside

Cardano remains one of the best performing assets in the crypto top 10 by market cap for the past 7 days. ADA’s price, with Avalanche (AVAX), Ethereum (ETH), and Solana (SOL), trades with over 15% in profit over this time period, and gains could extend on different timeframes. Related Reading | Cardano Soars 13% On Rumors Of Burn Mechanism Rollout, Charles Hoskinson Reacts At the time of writing Cardano trades north of $0.90 with a 2.5% profit in the last 24 hours. While Bitcoin and larger cryptocurrencies by market cap move sideways, Cardano’s reaction to the upside could be driven by its increase in the number of project building on its ecosystem, and recent improvements implemented on the network. Cardano’s developer Input Output Global (IOG) has been focused on optimizing and improving the network. Today, this company revealed their latest update proposal to increase the per-block Plutus script memory units limits from 56 million to 62 million. This update, the company clarified, will aid the network’s scalability. Plutus is one of Cardano’s recent most recent components as the network made a transition to implement smart contract capabilities. Operating a platform, Plutus enables users to leverage a programming environment. In that way, users can build their own smart contract without needing technical skills, maintaining code, and removing the need to use a full development environment. Plutus is one of Cardano’s mo...