NewsletterCardano Valentine Upgrade Approaches; ADA Price Rally On The Way?
This Valentine’s day will be memorable for all Cardano community and investors. As per reports, The SECP (Cardano’s Valentine upgrade) is set to go live on the mainnet on February 14, with an aim to facilitate secure cross-chain dApp development on the Plutus platform while advancing the network’s objective of blockchain interoperability.
Tim Harrison, VP of community and ecosystem at Input Output, used his Twitter handle to share more details about the upgrade.
“February 14th ♥️ #Cardano #Valentine 👍 @InputOutputHK
More on the upcoming upgrade here: https://essentialcardano.io/article/what-i”
– Tim Harrison, @timbharrison
SECP and Cardano’s milestones
SECP or SECP256k1 is used by many blockchains like Bitcoin, Ethereum, and Binance Coin to implement public key cryptography. Which uses a key pair (public and private keys) to validate transaction signatures. This upcoming upgrade will put the Cardano network ahead of other competing blockchains by enabling multi-chain communications to help DeFi developers build unilaterally scalable Dapps.
While the Cardano team is working hard on reaching its other technological advancement goals, the layer-1 blockchain just executed over 5,000 smart contracts on the network and was recently placed second in its GitHub development activity.
Cardano Price to surge?
The overall effect of this upgrade is expected to be increased on-chain activity in the Cardano market but at present, ADA price is trading around $0.3606, down approximately 6.8 percent in the past 24 hours and 10.31% in the week.
Also Read: Cardano News: ADA Coin Sees Sudden Interest from Crypto Whales; Time To Buy?
Disclaimer: The information provided in this article is solely the author’s opinion and should not be considered investment advice. The whole purpose of “Cardano Valentine Upgrade Approaches; Price Rally on the Way?” is to educate and provide information about what is trending in the crypto space. Anyone planning to invest in crypto assets should seek his or her own independent financial or professional advice.
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