In September 2021, Cardano introduced the smart contracts feature, and since then, the blockchain has gained much attention.
These smart contracts enable developers to build new DeFi applications like decentralized exchanges (DEXes), non-fungible token (NFT) marketplaces, and metaverse space.
To manage this increasing traffic, the Cardano team has announced a Vasil Hard Fork to boost network capacity, thereby increasing transaction speeds and lowering fees.
Vasil hard fork will be utilizing diffusion pipelining technology, a type of scaling solution to streamline the block propagation process.
For a block to be verified, nodes must agree and complete a series of time-consuming steps along with high transaction fees.
With Diffusion pipelining, a few of these steps will co-occur, which will cut down the time of block propagation and move the block faster, thereby reducing the time required and lowering the fees
It will also reduce scripts’ size, making smart contracts more efficient.