- The next functionality on Cardano that will allow scripts to sign on-chain messages may considerably improve network performance and developer attractiveness over Ethereum.
- With this version, Cardano’s L2 ecosystem and dApps should undergo a revolution in efficiency and security during development.
Cardano (ADA) is positioned to unveil a groundbreaking attribute that has the potential to greatly augment its attractiveness to developers—the capability for scripts to authenticate on-chain messages.
With this highly anticipated update, Cardano is anticipated to surpass Ethereum (ETH), its primary competitor, in terms of developer accessibility and network optimization.
An Advance Towards Sophisticated Functionality
Central to this paradigm shift is Cardano scripts’ capability to independently sign on-chain messages; this action uncovers an abundance of novel opportunities for decentralized applications (dApps) built upon the platform.
A prominent contributor to Cardano, Sebastien Guillemot, provided a comprehensive analysis on this subject, emphasizing the capability of this feature to facilitate streamlined operations and enable unanticipated use cases within the Cardano ecosystem.
🤔Next big 10x dev experience for Cardano
– Cardano hot wallets can sign messages
– Coming soon, hardware wallets can sign messagesBut what about scripts signing messages? 👀
A thread explaining how this works and new opportunities this unlocks ↓ pic.twitter.com/uT8rxBvuMF
— Sebastien Guillemot (@SebastienGllmt) March 31, 2024
Ethereum versus Cardano: A Comparative Analysis
In contrast to Ethereum, which employs a Merkle tree for the purpose of data dissemination, Cardano’s distinctive UTXO-based architecture enables a more rapid and effective methodology for script-based message signing, echoing earlier coverage by ETHNews.
This differentiation not only emphasizes the innovative advantage of Cardano but also holds the potential to provide developers and consumers with a more scalable and user-friendly environment. To explore this development in more depth, you can watch the YouTube video below.
Layer 2 Solution and dApp Empowerment
The expected benefits of script-signed communications for Cardano’s Layer 2 (L2) solutions and decentralized applications (dApps) are substantial.
In particular, it is anticipated that the update will improve the functionality of Milkomeda, the EVM layer of Cardano, by enabling it to support new features such as user preferences being reflected in signed messages and community voting on proposals.
This evolution signifies a substantial progression towards fostering a more interactive and community-oriented Cardano ecosystem.
A highly persuasive feature of this update is its capacity to streamline the Cardano development process. It is hoped that the new feature will improve the use of indexers by fixing problems with the Plutus datum and transaction metadata.
Meanwhile, the price of Cardano native token, ADA, has dropped in the last 24 hours and 7 days, by 4.98% and 11.57%, bringing it to $0,5965.