In collaboration with @cardanostiftung, an update proposal was submitted yesterday to upgrade the #Cardano pre-production environment to protocol v8, which will take effect on Saturday, February 11, 2023 at 00:00 UTC.
This upgrade will bring new cryptographic primitives to #Cardano, encouraging greater interoperability and secure cross-chain DApp development with #Plutus.
This environment will allow the community to continue final-stage integration/upgrade testing before the countdown to the SECP upgrade on mainnet on February 14, 2023.
Thanks to all the #CardanoCommunity for the continued support. We’ll continue to update our community channels as things progress.
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Tentatively set to go live on mainnet on February 14, 2023 at 21:44:51 UTC, Valentine functionality is planned to be available on the pre-production environment on Saturday, February 11, 2023 at 00:00 UTC.
You can now test token transfer between the test environments, connect your wallet and deploy smart contracts and #DApps.
Learn more about what you can do in the video walkthrough by @stevanlohja, Developer Relations Manager.⤵️
This proof of concept testnet is ephemeral and will be regularly respun during its pilot phase. Ultimately, it is intended to be a community resource and we encourage developers and SPOs to get involved and collaborate.
1/10: The next Cardano upgrade targeted for February will bring new built-in functions to #Plutus, the smart contract programming language for the #Cardano blockchain, to support ECDSA and Schnorr cryptographic signatures to make it easier for developers to build cross-chain apps
2/10: Different blockchains use different cryptographic signature methods, such as ECDSA and Schnorr signatures, which are used in #Bitcoin and #Ethereum, among others.
3/10: #Cardano uses the Edwards-curve Digital Signature Algorithm (EdDSA) with elliptic curve Curve25519 as its base curve (Ed25519) which is fast, secure and small in size, but not compatible with ECDSA and Schnorr.
2022 was a landmark year for the #Cardano ecosystem, and it was all because of you, the community. A global movement of developers, entrepreneurs & artists built new solutions, businesses, and experiences on rock-solid foundations.
1/
From the earliest beginnings, you the community ensured the continued growth and success of #Cardano. So, IOG wanted to take a moment to reflect on 2022 and look forward to the age of #Voltaire.
2/
The year began with a drive towards the #Vasil upgrade named after Vasil St. Dabov, one of #Cardano's ambassadors. #Vasil brought an increase to #Cardano's performance and scalability, giving a boost to the capabilities of the entire network. 3/
🧠 Hydra Head is the first in a suite of Hydra protocols that aim to increase network scalability. It's an L2 solution that works as an off-chain mini ledger between a small group of participants – similar to the main on-chain ledger but faster, more cost-efficient. #Cardano 1/n
🔎 Hydra Heads are fast, scalable, isomorphic, and customizable.
Hydra Head transactions and ledger rules are similar to #Cardano’s mainnet, which allows easy support by existing systems like #DApps and wallets. 2/n
Hydra Heads are most beneficial to be used by a small group of participants who need to process many quick interactions. Use cases include bank-to-bank transfers, pay-per-use API services, #NFT auctions, and light wallet micropayments among others. 3/n