Cardano’s Vasil Hard Fork and What It Means For NuNet
Greetings Singularitarians,
This month, the Cardano blockchain is set to have one of its most complex upgrades to date: the Vasil hard fork. This upgrade concentrates on scalability solutions for the network. In this article, we will outline a few of the hard fork’s improvements in simple terms, and explain what it could mean for NuNet, which is developing payment solutions for our cloud computing network on Cardano.
Vasil Scalability Solutions
This is, by no means, intended to be an exhaustive list of all the improvements included in the Vasil hard fork. As previously stated, this Cardano upgrade is highly complex and features many other adjustments beyond scalability. Our intention is to provide a few explanations, outlined in simple layman’s terms, for the scalability improvements. The source for the information can be found here.
Reference Inputs
The Vasil hard fork includes several adjustments that allow transactions to reference other information already recorded on the blockchain. Normally, when submitting a smart contract interaction, the entire smart contract’s script must be included in the block, which takes up much more space, decreasing the number of complex transactions which can be included in each block. By allowing requests to reference or “link” to a smart contract already recorded on the blockchain, it will greatly reduce the amount of data included in blocks, and therefore increase the speed and efficiency of transactions.
Diffusion Pipelining
The load on a blockchain means that it takes time for blocks to process. Diffusion pipelining is a technique which allows blocks to be transmitted without full validation. A block’s header must be validated, but then the next block in the chain can start the validation process, essentially allowing multiple blocks to be validated simultaneously. This will help prevent overload and allow multiple submissions to be completed without failed transactions. It also makes Cardano more resistant to distributed denial-of-service (DDoS) attacks, as it will be harder to overload the network with too many requests.
What This Means For NuNet
NuNet will soon be developing a payment system on Cardano that will allow users to buy and sell computing power using the NTX token. This requires the creation of one or more smart contracts to facilitate transactions between compute providers and those who wish to utilize the cloud computing power. The Vasil hard fork will allow these smart contracts to scale on the Cardano network more easily, and avoid failed transactions due to concurrency issues.
The Vasil hard fork to Cardano is perfectly timed as NuNet moves towards the release of our public alpha later this year, when the payment system will become available.
NuNet Is Hiring!
NuNet currently has a number of open positions for various roles within the team. If you have the skills and desire to join us in our journey, you can find more information and contact us through our jobs page.
About NuNet
NuNet lets anyone share and monetize their computing resources, turning cloud computing power from a centralized service into an open protocol powered by blockchain. Find out more via:
