• Cardano has launched a Valentine upgrade for SECP cryptographic primitives on the mainnet.
• The update allows developers to create cost-effective and secure cross-chain decentralized applications (DApps).
• The upgrade took place on February 14 at 21:44 UTC.
Cardano Launches Valentine Upgrade
Input Output Global (IOG), the organization behind the Cardano blockchain, has launched a valentine upgrade for its Standards for Efficient Cryptography (SECP) primitives on the network’s mainnet. This upgrade will enable developers to create cross-chain decentralized applications that are secure, cost-effective, and give access to a broader range of services.
What Does It Offer?
The update allows developers to use a broader range of native multi-signature designs to build secure and cost-effective decentralized applications (DApps). Popular signature schemes such as Elliptic Curve Digital Signature Algorithm (ECDSA) and Schnorr are used in Bitcoin, Ethereum, and Polkadot blockchains while Cardano uses Edwards-curve Digital Signature Algorithm (EdDSA) with elliptic curve Curve25519 as its base curve (aka. Ed25519).
When Was The Upgrade Launched?
The upgrade took place on February 14 at 21:44 UTC, at the beginning of epoch 394 around absolute slot height 84844800 and estimated block height 8403208. IOG shared that the variance in cryptographic algorithms and signature schemes across blockchains led to the upgrade.
What Does This Mean For Developers?
This Valentine’s Day upgrade will allow for more efficient transactions between different blockchains which will result in greater flexibility for DApp developers when creating their projects. Furthermore, this will also make it easier for users to interact with various blockchains without having to learn how each one works separately.
The Valentine’s Day upgrades provide an important step forward in making blockchain technology more accessible to developers by allowing them to build projects that span multiple chains while still maintaining security and efficiency standards across all platforms involved.