Cardano News and Pool Updates

A few things have happened since my last blog. Some are transparent for the average user but it is always good to know what is happening to a project that you are invested in. Some key updates include:

Crypto news

1. Cardano Increases Block Size

As more transactions come into the Cardano ecosystem with Cardano now having 1 million delegators, IOG moved to anticipate future network demands by increasing block sizes. This is a quick fix that will allow the network to take on more transactions. The longer term solution is implementation of Hydra which will exponentially increase Cardano’s capacity but this will only take place some time in the future. This change is transparent to all users.

2. Cardano starts “Peer Discovery” on Testnet

One of the regular tasks of Stake Pool Operators (SPO) is to check availability of their peers and update their peer list whenever one goes down or is faulty. There are some workaround ways to automate this by using scripts like topologyupdater but it is better if this is managed by the network instead. Thankfully, a solution is already in Testnet and once this goes into Mainnet, this will be a welcome update for SPO’s. For the average user, this change will not be noticed.

3. Daedalus Increases Hardware Requirements

As a full node wallet implementation, Daedalus will always be bigger and clunkier compared to light node wallet implementations like Yoroi. Recently, it has become very tedious to use with some users encountering long sync wait times and sometimes needing multiple retries to get a full sync. This week, Daedalus announced the minimum requirements to use it is now 16GB RAM with a corresponding increase in disk space needed. If your computer does not meet the new HW requirements, I suggest you migrate to a different wallet to access your funds in the meantime.

4. Crypto on Downward Trend

For the past few weeks, the entire crypto market has been on a downtrend. Multiple factors could have contributed to this including the fear of possible Fed tapering, Jitters related to the new COVID variant, and people liquidating crypto assets before the year end. You can join in the fear by selling or you can also take this as a good opportunity to accumulate more by placing a buy order at a price you are comfortable with. This is not financial advise so please do your own research.

Summary

A lot of things has happened in the past month in the crypto space. These are the only ones I highlighted but if you want me to write more about a particular topic, drop is a note on Twitter or Discord.


Despite not minting blocks for a few months now, we have continued to donate to our adopted charity in order to ensure that the humble educational assistance that we provide does not stop.

December 2021 Donation

WISH Pool is the creator of Cardano SPOT Check, an online resource for Cardano Stake Pool Operators for maintaining their nodes. We are actively helping several Cardano communities and was a recipient of IOG’s second delegation round in 2021. If you like this article, we would greatly appreciate if you delegate your ADA to WISH Pool. You will be earning interest rewards while indirectly helping the lives of disadvantaged children. This is because WISH Pool pledges to give at least 10% of its own profit to educational charities so that successful students can help get their families out of poverty. Let’s help grow the community together!

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