Altcoins Cardano (ADA) developer Tim Harrisonshared the details of an upcoming blockchain update designed to enable the development of decentralized cross-chain applications as well as improve interoperability.
Altcoin Cardano (ADA) Will Update In February
The update will directly impact the cryptographic primitives used in Cardano and will bring support for common digital signature standards to the Plutus smart contract platform, making it easier to create cross-chain projects.
According to Harrison, the difference in algorithms we have now is, Bitcoin and Ethereum It requires a lot of time, attention, effort and money when dealing with other blockchains like
The developer says this not only requires a large amount of resources, but also increases security risks.
Therefore, in addition to support for Cardano’s core digital signature algorithm Ed25519, there will also be embedded features to support ECDSA and Schmitt signatures.
Interestingly, the core algorithm in Cardano is currently Monero (XMR) and XRP’is also used.
Update on testnets February 11 It will take place as early as as early as three days on the mainnet – on Valentine’s Day.
From now on, a wider variety of multiple and threshold signature designs will be available for smart contract developers at Plutus, providing the highest level of security.
As of today, about 5,500 smart contracts have been created on Plutus on Cardano, an increase of 57% since the beginning of December.
At the time of this writing Cardano (ADA) $0.3361 traded at levels.
*Not investment advice.
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