Input Output Global (IOG), the organization behind the Cardano blockchain, has released a Valentine’s Day update to its Primitive Standards for Efficient Cryptography (SECP) on the network’s mainnet.
With the updatedevelopers can now use a broader range of native multi-signature designs to build secure and profitable decentralized applications (DApps).
Happy Valentines Day. 💙
We are pleased to inform that the #In love update: support for #Plutus SECP Cryptographic Primitives: Now available in the #Cardano main network
1/4 pic.twitter.com/SdYWknKeHY
— Input Output (@InputOutputHK) February 14, 2023
Cardano’s Valentine’s Day update is now available
The update took place on February 14 at 21:44 UTC, at the beginning of epoch 394 around absolute slot height 84844800 and estimated block height 8403208.
IOG shared that variation in cryptographic algorithms and signature schemes on blockchains led to the update.
Being the two most popular signature schemes, the Elliptic Curve Digital Signature Algorithm (ECDSA) and Schnorr are used in the Bitcoin, Ethereum, and Polkadot blockchains.
Unlike, the Cardano network uses the Edwards Curve Digital Signature Algorithm (EdDSA) with the elliptic curve Curve25519 as its base curve (also known as Ed25519) along with Ripple, Monero and others.
The difference in cryptographic algorithms means that Cardano dApp developers would need to validate ECDSA and Schnorr signatures when working with other blockchains. This increases security risks and requires significant resources, hence the cryptographic primitives.
“Native support for SECP now encourages cross-chain interoperability while ensuring the highest level of security. With the #Cardano #Valentine update, developers can now easily build cross-chain DApps that are secure, reliable, and profitable,” IOG said.
Support for ECDSA and Schnorr signatures
Notably, only Ed25519 was provided as a built-in function for Plutus, which is the native language of Cardano’s smart contract platform.
IOG has now integrated new features into Plutus to support ECDSA and Schnorr signatures. Building cross-chain applications will now be less expensive and time consuming as developers have access to a wider range of Cardano-native multi-signature designs.
“Interoperability is key to blockchain growth. As more DApps are built on #Cardano, it is essential that they are not siled in a single ecosystem, allowing users to interact with different blockchains and access a broader range of services,” IOG added.
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