Cardano is about to reach its maximum capacity. This would imply possible changes in the cryptocurrency ecosystem.
According to Sebastien Guillemot, one of the developers, he said that the network is currently operating at 94% of its capacity. So it is 6% away from reaching its full capacity.
What will happen when Cardano reaches 100%? The demand for transactions can slow down the rate at which they are processed. Which implies that there will be longer waits.
It could also happen that some transactions may not make it to the blockchain. This is likely if light wallets reach their maximum capacity.
And also some participation groups may start selling priority access. This could mean that some transactions or decentralized applications (dApps) could be given priority over others.
During the peak of the 2021 bull market, a similar event happened.
According to Guillemot, the scalability of Cardano can be improved with some strategies that include increasing block sizes, migrating more dApps to Plutus V2, implementing tiered fees, and using sidechains and Layer 2 to move traffic out of Layer 1.
He also mentions additional strategies, such as creating a DA layer to move more data out of layer 1 and freeing up space for blocks, and adopting Input Endorsers and alternatives to Plutus like Aiken.
Source: Ambito
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