The new Cardano upgrade is called Valentine. It owes this name to the fact that it was precisely aligned with the date of the feast of love. It should facilitate the secure development of cross-chain dApps on the Plutus platform. In addition, it must advance the interoperability of the network’s blockchain.
What can we expect from the new Cardano upgrade?
Input Output and the Cardano Foundation have together submitted a proposal to upgrade their pre-production environment. Now, as we learned finbold, it switches to the v8 protocol. The Valentine upgrade, also known as SECP, will be coming to mainnet this February 14th. But first, it will be available in pre-production on February 11. Tim Harrison is Cardano’s Vice President for Ecosystem and Community. He revealed that the preparations have been underway for a very long time. He then clarified that intensive testing has been underway since November 2022.
According to an article published by Input Output, “ New functions integrated into Plutus to support ECDSA and Schnorr cryptographic signatures […] will allow developers to use a wider range of multi-signature or threshold signatures. »
The report also states that this upgrade will be “ native to Cardano and will provide the highest level of security “. She is supposed to use ” the same hard fork combiner (HFC) approach of Cardano to bring this new cross-chain functionality to the Cardano network “.
What will happen to Cardano after its upgrade?
Cardano has seen tremendous activity over the past few months. Indeed, since December 2021, its Blockchain has seen more commits than any other Blockchain. The new upgrade is supposed to make it easier to develop cross-chain apps. The community also hopes that transaction fees on the network will be lower. The Blockchain Cardano enabled the execution of nearly 5,000 smart contracts. It is ranked second in its GitHub development activity. It remains among the top smart contract cryptocurrency projects today.
Finally, the big Cardano investors have relaunched their activities with a lot of aggressiveness. The transaction level has peaked as high as in May 2022. Perhaps this is a sign of a future ADA price riseits native token?
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