Home > NEWS > Cardano Gets 'Valentine' Upgrade: Here’s How it Benefits ADA Token

Cardano Gets 'Valentine' Upgrade: Here’s How it Benefits ADA Token

The ‘Valentine’ upgrade was pushed live on the mainnet in early Asian hours on Wednesday. Native ADA tokens outperformed crypto majors.

Updates to improve the security and interoperability of the Cardano blockchain were released in China within hours on Wednesday morning.

The update, known as Valentine, will improve the cross-chain functionality of decentralized financial industry (Defi) applications based on the Internet. According to WJB, the scheme will be proposed in early February and has been applied by the network verification system.

It is reported that this update also produces enhanced data encryption for Cardano, while improving the development and design of Cross-chain decentralized Application (DAPP) in Plutus, the blockchain intelligent contract service platform of Cardano blockchain.

Interoperability is the key to the improvement of blockchain. As more Dapp is built on Cardano, it is very important that they cannot be independent of an ecosystem that allows users to interact with different types of blockchains and browse a wider range of services, "a development and coding manager at Cardano tweeted."

Cross-chain wireless bridge is a software program flow that can buy and sell transactions among all kinds of block chains.

This role in Cardano will allow developers to build applications that connect Cardano to other block chains, which will instead allow users to browse other block chains and easily interact with the financial information services provided by Cardano Dapp.

Dapp relies on smart contracts rather than finance such as loans and loans from retailers, who frequently use DApp tokens or rewards for obtaining such tokens.

Instead, this may improve the application of Cardano's local ADA tokens. As a result, Wednesday's upgrade is due to the work pressure to buy tokens, which has pushed up the price of coins by 8% in the past 24 hours, mainly better than Bitcoin and Ethernet Square.

Since the beginning of January, the value of token locks in Cardano's Dapp has increased by more than 100% to more than $110 million, indicating the requirement.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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