Cardano's Smart Contracts to Decrease Transaction Size in New Update as Part of Vasil Hard Fork

, the Cardano network will ‌soon present a decreased smart contract transaction size after developers use CIP 31-33 proposals that will go live on Vasil Hard Fork.

Cryptocurrency enthusiasts should already be familiar with a mechanism similar to Cardano Improvement Proposals, which was presented on the Ethereum network and called"Ethereum Improvement Proposals." CIPs are formal, technical communication processes that happen off-chain and are designed to provide information to the Cardano Community. CIPs are not presented as commitments to existing projects on the Cardano blockchain and act more like a stack of solutions for commonly mentioned issues within the ecosystem.As developers start to use CIP-31 / CIP-33 this should reduce transaction sizes for smart contract transactions.

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