Cardano Blockchain Valentine’s Upgrade Goes Live, Finetunes Cross-Chain Functions
The Cardano blockchain has marked the completion of the latest Valentine upgrade, which brings a host of network improvements. The eco-friendly proof-of-stake (PoS) blockchain announced the development on February 14, Valentine’s Day. The upgrade is now live on the Cardano mainnet and will expand cross-chain interoperability for developers as well as for holders of its native ADA token. The upgrade also brings with it security upgrades to the Cardano ecosystem.
The Valentine upgrade was discussed in Cardano validator about a month ago and the proposal was passed with a majority of the confirmers voting in favor.
The aim is to make blockchain suitable and advanced enough for storage Decentralized Finance (DeFi) applications with an extensive cross-chain function list.
The development also improves Cardano’s ross chain dApp platform called Plutus. “Interoperability is key to the development of blockchain. As multiple DApps are built on Cardano, it is essential that they are not limited to just one ecosystem, allowing users to interact with different ecosystems. blockchain and access more types of services,” the Cardano developer said in a tweet.
Native support for SECP now promotes interoperability between chains while ensuring the highest level of security. with #Cardano #Valentine’s day With the upgrade, developers can now easily create secure, reliable, and cost-effective cross-chain DApps.
3/4
– Input Output (@InputOutputHK) February 14, 2023
Ethereum co-founder Charles Hoskinson led the development of Cardano in 2015. The blockchain was released in 2017 and quickly became a popular, green choice among developers.
After the development, Cardano’s AOA token has increased by about 2% to trade at $0.384 (about Rs 30), showing Cryptocurrency price tracker by Gadgets 360.
Cardano’s Valentine upgrade is the first blockchain upgrade to hit the headlines in 2023.
Ethereum blockchain, upgraded to a greener version called unify last year, is the next line to undergo another transition.
In March, Ethereum is expected to be completed Shanghai upgrade, that will allow Ethereum validators to eventually withdraw the assets they have staked on the blockchain. It is estimated that $22.38 billion worth of Ether tokens (approximately Rs 1,82,520) are currently being staked on the blockchain.
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