• Cardano (ADA) has launched the SECP Upgrade, also known as the Valentine’s upgrade.
• The upgrade is expected to increase interoperability and secure cross-chain development.
• Following its implementation, ADA has seen an immediate positive response from the community on Crypto Twitter.
Cardano (ADA) Launches SECP Upgrade
Input Output Global (IOG) announced that their Valentine’s upgrade – support for Plutus SECP cryptographic primitives – is now live on Cardano’s mainnet. The upgrade will enable developers to create secure, reliable and cost-effective cross-chain dApps using a broader range of multi-signature or threshold signature designs native to Cardano.
Positive Response From Community
The news of the launch elicited a mild positive response from the community on Crypto Twitter with no critiques voiced in response to the upgrade so far. Furthermore, following its implementation, ADA recorded an immediate 9.78% increase in price from its one-month low of $0.33 recorded on January 18th, reaching $0.39 in value on February 14th.
Increase Interoperability & Cross-Chain Development
The new cryptographic primitives enabled by the SECP upgrade are expected to increase interoperability and secure cross-chain development for developers building dApps on Cardano’s blockchain network. This could potentially result in increased usage of the blockchain network as well as higher demand for ADA tokens over time if it proves successful in securing cross-chain transactions securely and reliably at a reasonable cost.
Developer Numbers Soaring
In addition to this, developer numbers have been soaring since before the upgrade was announced indicating an increasing interest in Cardano’s ecosystem and potential applications built upon it thanks to larger adoption rates among users and developers alike.
Cross Chain Love Story?
Overall, while not yet overwhelming, there has been some mild positivity surrounding Cardano’s anticipated SECP network upgrade which is set to enable users to transact across different blockchains safely and cost effectively – potentially creating a ‘cross chain love story’ between them all!