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Cardano, one of the most prominent cryptocurrencies, is about to reach its maximum capacity. Sebastien Guillemot, a key developer of the project, has shared his views and warned about what could happen when the network reaches 100% load.
According to Guillemot, Cardano is currently operating at 94% of its capacity, which means that there is only a 6% capacity left until the cryptocurrency's network reaches its maximum. This could have significant implications for users and the overall ecosystem.
Guillemot anticipates three main things that could happen when Cardano reaches full capacity. First, transaction waiting times may increase as a result of greater demand, resulting in longer wait times. Second, some transactions may not make it to the network, especially if light wallets reach their maximum capacity. A possible solution to this issue is running a personal node. Finally, staking pools may start selling priority access, meaning that some transactions or decentralized applications (dApps) may receive priority over others.
However, Guillemot is optimistic about the future of Cardano and suggests several strategies to improve its scalability, including increasing block sizes, migrating more dApps to Plutus V2, implementing tiered fees, and using sidechains and layer-two solutions to move traffic off the main network.
For Cardano users, these scalability improvements can mean a faster and more efficient future. However, it is important to be prepared for the possible changes that may occur when the network reaches its maximum capacity. Guillemot advises paying attention to how these changes may affect the dApps we use and being ready to adapt accordingly. Additionally, users may consider running their own node to avoid the limitations of light wallets.
In conclusion, while Cardano reaching its maximum capacity may present some challenges, there are strategies in place to improve its scalability. Users should be prepared for changes and adapt accordingly while looking forward to a faster and more efficient future for the cryptocurrency.