The Cardano blockchain has marked the completion of its latest Valentine upgrade, which brings a bunch of improvements to the network. 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 extend cross-chain interoperability for developers as well as its native ADA token holders. The upgrade also brings security upgrades to the Cardano ecosystem.
Inside Valentine’s Upgrade discussed cardano validator About a month ago and the proposal was passed with a majority of validators voting in favor.
It aims to make the blockchain suitable and advanced to host Decentralized Finance (DeFi) Apps with an extended list of cross-chain functionalities.
The development also improves the Ross-chain of Cardano dap Platform called Plutus. “Interoperability is critical to blockchain growth. As more dApps are built on Cardano, it is essential that they are not locked to just one ecosystem, allowing users to interact with various blockchain and access a wide range of services,” the Cardano developer said in a tweet.
Native support for SECP now promotes cross-chain interoperability while ensuring the highest level of security. Together #cardano #Lover With the upgrade, developers can now easily build cross-chain DApps that are secure, reliable, and cost-effective.
3/4
– Input Output (@InputOutputHK) February 14, 2023
Ethereum Co-founder Charles Hawkinson led the development of Cardano in 2015. The blockchain was released in 2017 and quickly became a popular, green alternative among developers.
Following the development, Cardano’s AOA token was trading higher by nearly two percent at $0.384 (roughly Rs. 30), showed crypto price tracker By Gadgets 360.
Cardano’s Valentine upgrade is the first blockchain upgrade to headline in 2023.
The Ethereum blockchain has been upgraded to a green version called Sickness Last year, another is in line to undergo the transition.
Ethereum is expected to be completed in March shanghai upgrade, which will allow Ethereum validators to eventually withdraw the assets they have staked on the blockchain. It is estimated that $22.38 billion (roughly Rs. 1,82,520 crores) worth of Ether tokens are currently at stake on the blockchain.
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