• Cardano is set to add support for SECP256k1 as a built-in function on the network.
• Cardano’s upcoming Chain Upgrade Event (CUE) is expected to introduce features for better interoperability with other networks including Bitcoin, Ethereum, and Midnight.
• The Twitter user “thepizzaknight_” used the analogy of language families to explain the difficulty of doing business cross-chain on Cardano.
Cardano, the world’s first third-generation blockchain platform, is set to take its performance to the next level with the upcoming Chain Upgrade Event (CUE) introducing features for better interoperability with other networks, including Bitcoin, Ethereum, and Midnight.
The Twitter user identified as “thepizzaknight_” recently took to the platform to explain how Cardano’s CUE will enable mega performance between the network and other projects. He noted that Cardano currently uses Curve25519 while Bitcoin and Ethereum use SECP256k1. To explain this, the user used the analogy of language families, noting that Cardano uses Curve25519, similar to the Germanic language family, while Bitcoin and Ethereum use SECP256k1, similar to the Romance language family. In other words, it’s difficult to do business between the two without a translator.
This is where CUE comes in, as it aims to solve the cross-chain issue. It will add support for SECP256k1 as a built-in function on the network, enabling dApp and bridge builders to execute successful business transactions. This could potentially be a game-changer for Cardano, as it could lead to increased adoption and enthusiasm for the project.
Cardano has gone from strength to strength over the years, but its price has not kept up with its development. That could all change with CUE, as it could be the boost the network needs to reach its full potential. With the CUE just around the corner, Cardano enthusiasts will be eagerly awaiting to see the impact of the Chain Upgrade Event on the network.