Cardano hard fork will increase interoperability with Bitcoin, Ethereum and others
, 2023-01-28 09:39:49,
Source: Immersion Imagery – Shutterstock
- Cardano’s hard-fork event in February to increase Cardano’s interoperability with Bitcoin, Ethereum, and other blockchains.
- ADA might react bullishly to the upcoming upgrade.
Cardano’s next upgrade will tentatively take place on February 14, 2023. The hard-fork is said to bring new built-in functions to Plutus, the smart contract programming language for the Cardano blockchain. This new upgrade will bring support to ECDSA and Schnorr cryptographic signatures to make it easier for developers to build cross-chain apps.
There will be another hard-fork event in February. CIP-0049 will increase #Cardano‘s interoperability with #Bitcoin, #Ethereum, and other blockchains. Plutus developers can write an application that can verify ECDSA and Schnorr cryptographic signatures.
— Cardano YODA (@JaromirTesar) January 26, 2023
The two cryptographic signature techniques, ECDSA and Schnorr signatures, are employed by multiple blockchains. Among which are the Bitcoin and Ethereum blockchains.
However, Cardano utilizes the fast, safe, and compact Edwards-curve Digital Signature Algorithm (EdDSA). But, this signature is incompatible with ECDSA and Schnorr signatures.
The Cardano upgrade will make it simpler for developers to collaborate with other blockchains by enhancing interoperability and enabling secure cross-chain DApp…
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