• The Cardano Forum released its bi-weekly community digest on February 20th, 2023, to keep the community abreast of notable recent events.
• The SECP upgrade has unlocked features that make it easier for developers to build decentralized applications (dApps) that interact with other blockchains.
• Robert Quartly Janeiro hosted a Twitter Space on February 15th to discuss „all things Cardano,“ offering a preview of Cardano’s 2023 priorities.
Overview
The Cardano Forum has shared the network’s most notable recent movements in the bi-weekly community digest on February 20th, 2023. The price of ADA is not reflecting the same upward trajectory as other volumes in the ecosystem. Notable events include the launch of SECP upgrade, which unlocks features and improves security for developers building dApps, and Robert Quartly Janeiro’s Twitter Space discussing Cardano’s focus areas for 2023.
SECP Upgrade
The Valentine’s or SECP upgrade was launched on Valentine’s day 2023 by the Cardano network and has unlocked features that make it easier for developers to build decentralized applications (dApps). New cryptographic primitives were introduced which enable multi-signature or threshold signature designs, resulting in improved security according to Input Output Global (IOG). This upgrade fosters secure, reliable, and cost-effective development for cross-chain dApps within the network.
2023 Focus Areas
Robert Quartly Janeiro hosted a Twitter Space on February 15th with guest speaker Sebastian Bode from the Cardano Foundation discussing all things related to Cardano. Bode offered a preview of Cardano’s focus areas for 2023 with interoperability between blockchains being a major topic they are focusing on this year.
Contingent Staking Debate
In response to talk of regulatory enforcement on cryptocurrency staking in the U.S., there is currently an ongoing debate over contingent staking within the Cardano community. While there is some disagreement among members regarding how best to approach this issue, many agree that greater transparency is needed around proof-of-stake protocols and potential risks associated with them before any decisions are made about regulation or enforcement measures moving forward.
Twitter Drama Recap
Despite these developments and debates within the ecosystem, ADA’s price has yet to reflect an upward trajectory like other volumes have seen recently in crypto markets. This may be due in part to some drama surrounding Charles Hoskinson’s tweets about NFTs last week as well as his apparent involvement in an argument between two YouTubers over whether or not EOSIO was technically better than Ethereum 2.0—a controversy which drew criticism from both sides of their respective platforms.