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| pic credit: coinpedia |
Did Polygon break? Recently, a play-to-earn NFT game on the polygon blockchain led gas prices to skyrocket by a factor of 16X, generating massive blockchain congestion. Can Cardano suffer from the same scalability difficulties once Sundae Swap is live?
In a moment, I'll tell you more about that. But first, let's return to the Polygon. Polygon, or MATIC as it is sometimes known, is a layer 2 solution that was intended to address the Ethereum blockchain's scalability and high gas prices, claiming to be able to handle up to 65000 transactions per second.
Sunflower Farmers
The NFT-Game, often known as Sunflower Farmers, is one of the most popular on the Polygon blockchain. The farming simulator encourages gamers to earn tokens by completing chores, but the number of transactions skyrocketed, hitting 1.1 million in a single day.
Sunflower Farmers has been stopped down since then because of huge congestion and a surge in gas prices throughout the whole blockchain. The most likely reason for the increase in transactions is that there are a lot of bots trying to farm tokens.
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| pic credit: Google Images |
Yes, I am aware that this is a farming game. I'm not attempting to be amusing. On the Polygon blockchain, the suspension of Sunflower Farmers briefly restored normalcy. This entire experience placed doubt on Polygon's ability to manage 65,000 transactions per second at any point in the future. Some argue that those figures are unquestionably achievable in a controlled setting and theoretically.
However, due to the wide range of transaction types and the constraints of block size limits, this is not the case in practice. Regardless, bots clogging the network is not typical blockchain user behavior.
Regardless, Polygon offers additional layer 2 options, such as Polygon Hermes and Mir. In the case of Cardano, we've witnessed a recent spike in both price and optimism, with a market valuation surpassing even that of Solana.
As a result, a portion of this increase is due to the long-awaited Sundae Swap, a trading protocol and DEX (decentralized exchange) that will be released on the Cardano blockchain. However, many ADA holders are concerned that the introduction of Sundae Swap is coming too soon, and that it would result in a large negative backlash against the Cardano network owing to potential congestion and scalability difficulties.
Cardano founder Charles Hoskinson seemed unfazed by the criticism, maybe seeing the introduction of the Sundae swap as a solid step in the right way, despite future complications. According to the number of Cardano-related projects that have been released this year. It's probably not difficult to see why Charles Hoskinson feels upbeat.
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| pic credit: GoogleImages|Wikipedia |
According to the hashtag #BuildingonCardano, 175 projects have registered to be deployed this year on Cardano. Some criticize Hoskinson, claiming that he should have waited until the layer 2 scaling solution was complete before proceeding. Before launching the DEX, make sure Hydra is in place. Up to 1 million transactions per second are expected to be handled by the Hydra scaling solution.
However, there is a distinction between what is feasible in a simulation and how it really works in fact. My perspective on this is that I believe there will be some blockchain congestion, but I don't believe it will be quite as catastrophic as these individuals have predicted.
Consider that Cardano can now process 257 transactions per second, as measured by a CPU. While those figures are little in relation to the figures I gave before in this article - 1 million and 65000 transactions per second.
Keep in mind that Ethereum can only process roughly 30 transactions per second, despite the fact that it has a large network of DeFi, DEXes, and tools on its blockchain. To be clear, the Hydra I'm referring to in this context is a Cardano scaling solution, not the Hydra chain I referenced in prior articles. If you're interested in learning more about the Hydra chain, check out the video below.