PHANTOM STRONG ROLE

Phantom wallet is launching a new tool to help prevent user security. Phantom is one of the most prominent not custodial service providers on the Solana network. There are introducing three new security standards for users to prevent bad actors from intercepting signing messages, protecting your privacy, and improving web3 authentication. The 3 standards include signing with X, signing with Ethereum, and signing with Solana extensions. There are very broad functions but they will benefit all users within the ecosystem.

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When it comes down to security, Defi is tagged as one of the most vulnerable in the web3 world with exploitation. With a wallet like Phantom having such a strong role in this ecosystem, having more security standards set in place offer more security safeguards for users. This is not just a unique standard that is being implemented with Solana, this is also being implemented similarly with Metamask.

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This is also going to have a positive impact with improved Solana because with improved security, you are more likely to get more users involved which will build the trust factor which will indicate them using Solana more and more. It will always be good to always have more positive support when it comes to tools and upgrades and protocols being released within those ecosystems to bolster those cryptocurrencies respectively.

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If we look at the Cardano's SECP or their valentine's upgrade, this was supposed to go out yesterday. This was set out to upgrade the Cardano mainnet to protocol V8 and this was supposed to be down at 9:44 pm UTC. This goes on we another example of Cardano upgrading their blockchain as well as this slow approach that Hoskinson was deploying. This is just another form of why Cardano is going unnoticed into 2023. When talking about the very subtle upgrades that are very specific to what they are trying to achieve along their roadmap, we do not see the impact necessarily on the headlines in crypto.

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However, for users that believe in Cardano and what they are building on their blockchain, it is very evident that we are seeing the effect take place because of the adoption we are seeing. Cardano are eventually deploying themselves into the crypto space and we seeing the effect of fossil on this upgrade but this upgrade will have less of an impact on existing dApps than fossil did.

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