Cardano’s new Dynamic P2P feature could boost its growth
Cardano (ADA), the highly versatile proof-of-stake (PoS) layer 1 blockchain protocol is seeing high growth potential today as it is trading at a price of $0.3727, up 13.77% at the time of writing. Cardano’s growth action, while not new, is impressive given the magnitude of the conservative push it has seen lately.
Looking at Cardano’s on-chain metrics, we found healthy growth spread across all areas. The current upsurge is driven by a positive buy-in to the ecosystem which is reflected in trading volume, which has increased by more than 192%. With its current price action, Cardano is gradually paring its losses over the past week with a gain of 8.44% over this period.
The Cardano ecosystem has recorded notable organic milestones so far, and in the recent update from parent company Input Output Hong Kong, a new feature dubbed Dynamic P2P has now been added. deployed on the main network.
ICYMI: Cardano’s network is evolving and Dynamic P2P is now deployed on the mainnet. SPOs can now test automated connections from #Cardano knots.
— Input Output (@InputOutputHK) March 21, 2023
As detailed by the startup, dynamic Peer-to-Peer (P2P) networking comes with the release of Node v.1.35.6, and it will improve communication between distributed nodes.
“Dynamic P2P networking is a significant evolution for Cardano and a further improvement in network performance, resiliency and decentralization,” the protocol said. said.
Focus on the growth of the ecosystem
Cardano’s growth trigger has always relied on the protocol’s ability to create new innovations that can help fuel appropriate ecosystem growth at all levels.
The release of Node v.1.35.6 is just one of many efforts the protocol has made in recent times to make life easier for those building or actively involved in keeping the network operational.
From the launch of the DJED stablecoin to the float plans of its Hydra scalability solution, Cardano remains at the forefront of DeFi innovation, and this should have a more positive impact on ADA rolling in the future.