As the team at Input Output has announced a significant upgrade that is set to take place on Valentine’s Day, it appears like Cupid has pointed his bow at the Cardano community this year.
This technical achievement, known as the “Valentine” upgrade, will give the Cardano network additional Plutus SECP cryptographic primitives. The community coordinator at Input Output, Rebecca Hopwood, reports that a joint technical team from Input Output, the Cardano Foundation, and EMURGO has submitted an updated proposal to upgrade the Cardano mainnet to protocol v8 following a period of community testing and close collaboration with SPOs, developers, and exchange engineering teams.
She further stated,
“We are thrilled to announce that the Valentine upgrade is finally upon us, marking a critical milestone in the evolution of the Cardano network.”
On February 14, when the upgrade is scheduled to go into effect, you can publicly profess your affection for the network. Users of SPOs and Cardano nodes are urged to update to the most recent version, 1.35.5, in order to participate. It’s important to note that any version before 1.35.4 won’t work on the mainnet after the upgrade because it won’t be compatible with protocol version 8.
Cardano’s Got Leverage
The ADA community will gain a variety of advantages from this much-awaited upgrade, including improved interoperability and safe cross-chain dApp development. The new built-in features will give Plutus an extra layer of security while facilitating developer interaction with other blockchains and supporting signatures like ECDSA and Schnorr.
This improvement has been in the works for a while now. The necessary new node is already running on over 80% of block-producing nodes, indicating that the upgrade is almost ready to be implemented on the mainnet.
IOG and the Cardano Foundation are devoted to updating the community on its development and invite everyone to follow their channels for the most recent information.
At the time of writing, ADA was priced at $0.364148 with a daily drop of 6.5%, according to Coin Market Cap (CMC).