Cardano Promotes Developer Working Groups to Collaborate on Protocol Enhancements
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Cardano, a blockchain network developed by IOG, has recently announced that it is promoting the creation of developer working groups to encourage community collaboration on decision-making processes. The initiative is designed to drive enhanced participation from technically sound members of the community, with a particular focus on core protocol enhancements.
IOG has already proposed several specialized working groups, including one on stablecoins to support existing stablecoin initiatives on Cardano, another on interoperability to foster cross-chain interaction between Cardano and other protocols, and another on developer experiences and certifications.
Cardano Valentine Upgrade Goes Live
In related news, Cardano has released the latest network updates to help the network establish itself in the decentralized finance (DeFi) space, and the network’s Valentine (SECP) upgrade has resulted in positive gains for the native token, ADA. The Valentine upgrade, which was released on February 15, aims to improve security and interoperability features on the blockchain, a crucial aspect of blockchain growth. By press time, ADA was trading at $0.40, recording gains of about 5% since the upgrade went live. On the weekly chart, Cardano is up over 9%.
The creation of developer working groups is expected to spur the community towards greater collaboration to improve the Cardano blockchain network in a way that benefits all stakeholders. The stablecoin working group, for instance, will be instrumental in supporting existing stablecoin initiatives on the network, while the interoperability working group will help foster cross-chain interaction between Cardano and other protocols, expanding the network’s reach and capabilities.
The Valentine upgrade, on the other hand, is expected to make Cardano more secure and interoperable, which should enhance the network’s appeal to DeFi users. As more dApps are built on the network, it is essential that they are not siloed to just one ecosystem, enabling users to interact with different blockchains and access a wider range of services. The IOG is committed to developing Cardano into a leading blockchain network, and the promotion of developer working groups is one of the many initiatives that are being implemented to achieve this goal.
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