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HomeTechnologyCardano boosts its Plutus Script Memory to commence the Burn mechanism

Cardano boosts its Plutus Script Memory to commence the Burn mechanism

The maximum number of memory units per block for the blockchain’s Plutus scripts on Cardano will be increased from 56 million to 62 million under the proposal put forward by IOG, formerly known as IOHK. According to the proposal, IOG intends to boost the network’s scalability by expanding the RAM of the Plutus scripts. According to the release, the upgrade went live on March 21 and will be monitored by IOG for five days.

Plutus script allows users to take advantage of a programming environment, reducing friction in the DeFi sector and assisting more people to join the Cardano ecosystem. Cardano has constantly delivered network updates since unveiling the Alonzo smart contract upgrade last September, as it strives to fully adopt smart contract functionality.

Input-Output Global has proposed increasing the RAM of the network Plutus scripts, just a week after Cardano inventor Charles Hoskinson launched the first public testnet of “Hydra Heads.” According to the proposal, IOG intends to boost the network’s scalability by expanding the RAM of the Plutus scripts.

Another fascinating breakthrough for the Cardano network was also disclosed by IOG. The Hydra team is working on finalising a new transaction procedure that would provide token-burning functionality to the blockchain, according to IOG. The Hydra team apparently “inspected the options of token minting and burning within a Hydra Head,” according to its roadmap update.

Read more: Cardano Total Value Locked touches USD 272 million following Minswap launch

Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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