Cardano’s (Ada) Network Major Upgrade Approaches.
Cardano will receive a significant upgrade over the next 5 days. It is planned for the mainnet hard fork to take place on February 14, 2023, at 9:44:51 UTC. It will occur near the absolute slot height of 84844800 and the anticipated block height of 8403208 at the beginning of epoch 394.
The update to the preproduction test environment is planned for February 11, 2023, at 12:00:00 a.m. UTC, according to Cardano builder IOG. With the addition of additional built-in functions for handling ECDSA and Schnorr signatures, Plutus has made it easier for programmers to design cross-chain applications. A thorough integration test was carried out in the preview test environment in November 2022, and it was successful. The Cardano is soon going to use this technology.
Cardano Vasil upgrade.
For the most recent Vasil upgrade, IOG and the Cardano Foundation selected three critical mass metrics to guarantee ecosystem readiness. IOG claims that the new upgrade is less complicated than Vasil and less disruptive to the current dApps. However, the teams are working closely with key Ada stakeholders to ensure that everything is prepared, especially SPOs, dApps, and exchanges that might need to make adjustments for the new feature.
For one of them, SPOs must change to the necessary node in order to upgrade. Top cryptocurrency exchange Binance has announced that it will temporarily halt ADA deposits and withdrawals starting on February 14, 2023, at 8:44 p.m. UTC and reopen when the upgrade is complete.
Ada hard fork.
The Edwards-curve Digital Signature Algorithm (Ed25519), also used by Monero and Ripple, is used by Ada. This is resistant to several sorts of cryptographic attacks and offers speedy signature verification and tiny signature sizes. To make it easier for developers to create cross-chain apps, Input Output Global (IOG) has implemented new built-in functions in Plutus to handle ECDSA and Schnorr signatures. These capabilities will be made available in the upgrade.
More information may be found at this link: https://digitaloutworld.com/discussing-a-digital-euro/
Official web-: https://cardano.org/