- The Cardano Node version 1.35.6 enhances decentralization and dynamic P2P that improve node communication making the Cardano blockchain more efficient.
- Whale activity on the Cardano blockchain improves showing rising institutional interest in the ADA crypto.
Leading blockchain network Cardano recently received a new update with Cardano Node version 1.35.6 going live on mainnet. This new update seeks to bring further decentralization to the Cardano blockchain network along with adding peer-to-peer support. Also, this new update will allow Cardano nodes to connect without relying on the development network protocol or a central server.
Cardano Node version 1.35.6 is on mainnet!
— Subcritical (@SubcriticalTV) March 16, 2023
The latest update shall strengthen the Cardano ecosystem thereby making it more robust and secure. As said, the introduction of node 1.35.6 will make it easier for other Cardano nodes to connect to each other.
For this, users just need to change the “Enable P2P” setting to true while updating the configuration file with a new connection layout. However, the old connection method would still be available for those who prefer it.
The latest update will also include several new tracers and configuration options such as Inbound governor and Outbound governor. The Inbound governor manages connections at the responder side of all mini-protocols. On the other hand, the Outbound governor shall be responsible for managing connections to root peers, established peers, known peers, and active peers. Thus, these governors play a crucial role in making the Cardano blockchain network more efficient and secure.
Additionally, the update improves the Connection Manager component which tracks the state of all TCP connections while enforcing various timeouts. Thus, the Cardano blockchain will be able to handle numerous connections simultaneously without hampering network stability.
Dynamic P2P Ehnaces Nodes Communication
The latest node v.1.35.6 brings dynamic peer-to-peer (P2P) connectivity to enhance node communication on the Cardano blockchain. The Dynamic P2P will make the Cardano blockchain a much more efficient and intelligent network while actively adjusting the blockchain’s configuration to yield optimal results.
1/ Dynamic peer-to-peer (P2P) connectivity comes with node v.1.35.6 release to enhance node communication.
— Input Output (@InputOutputHK) March 17, 2023
Cardano’s parent group Input Output notes: “Dynamic P2P enables SPO relays to automatically connect to each other, replacing the current manual configuration process. This automation: – Saves SPOs time and effort – Optimizes network performance – Makes the network more resilient to any communication delays or downtime – Strengthens security by deterring denial of service (DoS) attacks”.
Cardano (ADA) Sees Growing Institutional Interest
The Cardano’s native cryptocurrency ADA is currently at the seventh rank and has gained nearly 5% in the last 24 hours. As of press time, ADA is trading at a price of $0.344 with a market cap of $11.9 billion.
The on-chain activity for the Cardano blockchain shows strong whale activity on the network suggesting rising institutional interest in the ADA crypto. There’s been a strong surge in the volume of large transactions exceeding $100,000 recently.
Popular crypto market analyst Ali Martinez wrote: “The volume of large #ADA transactions exceeding $100,000 on the #Cardano network is on the rise! This trend indicates institutional investors’ and $ADA whales’ increasing engagement, shedding light on their investment strategies”.