How Much More Еfficient is Cardano Аfter the Vasil Update?
According to a DEX, Cardano's Vasil update (ADA) has had a dramatic impact on network performance.
Power of Vasil! 🔥
We are close to launching our Plutus v2 scripts. Here are some amazing benchmarks showing the upgrade (combining our Orderbook with Liquidity Pools)
Plutus v1 Transaction
Size: 14.73 kB
Fee: 1.44 $ADA
Plutus v2 Transaction
Size: 1.31 kB
Fee: 0.73 $ADA
— MuesliSwap (@MuesliSwapTeam) September 29, 2022
Cardano founder Charles Hoskinson commented on the figures quoted by the exchange.
“Ten times the space savings at half the cost. That’s what I call innovation.”
The Cardano Input Output Hong Kong (IOHK) development team explained the following:
“The Vasil upgrade will bring significant improvements to Cardano’s performance and capabilities – from higher throughput through diffusion pipelining to a better developer experience with much improved scripting performance, efficiency and lower costs.”
IOHK also notes that “Plutus V2 functionality” became available to developers on Cardano’s core network on September 27.
“DApps using the new Plutus V2 scripts and cost model are already seeing the power of the Vasil upgrade.
The new Plutus V2 features and enhancements enable dApp developers to create new and exciting experiences, and the diffuse pipeline processing unlocks the potential for greater network performance and capacity.”
At the time of writing, ADA is trading at around $0.43.