InputOutput Global (IOG) recently noted that it has launched an Alpha EVM sidechain on the testnet. IOG is the organization in charge of Cardano research and development. Also, EVM will be fully compatible with updates, tools and wallets Etherealwhile inheriting the security of the parent network Cardano. However, the Layer 1 blockchain has not specified whether this support EVM it will be deployed directly on your main network.
the side chain EVM on test network of Cardano
IOG tweeted that the program will allow developers create applications based on Solidity In the net Cardano. That means that the dApps developed in Ethereal can be easily transferred to Cardano.
Ethereum Virtual Machine (EVM) alpha sidechain launched! (Now on testnet.)
Build your Solidity-based applications on #cardano – a decentralized, permissionless and sustainable blockchain.
The future is interoperable. pic.twitter.com/sCK9XIuFll
— Input output (@InputOutputHK) June 12, 2022
A few weeks before launch, theI AM GOING published a blog post titled “Interoperability is Key to Blockchain Growth.” He claimed that the Ethereum Virtual Machine Sidechains will also allow developers create compatible tokens CKD-20. Consequently, users will benefit from lower fees and faster settlement times. .
According to the message, Milkomeda it is also capable of implementing compatible smart contracts EVM on your side chain C1. It’s in connecting to main chain Cardano. In addition, the side chain aims to expand interoperability between Cardano and other blockchains by the end of the year. As a reminder, Milkomeda is a supported sidechain protocol Cardano.
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The growing number of layer 1 blockchains makes the issue of cross-chain communication even more important. EVM it is a decentralized computing engine that allows smart contracts from multiple sources to interact with each other. indignant Cardanothe main competitors of Ethereum such as Ghostavalanche and BSC are currently taking EVM support on all networks.
The reviews about Ethereal of the founder of Cardano
Charles Hoskinsonis known for his vision of blockchain interoperability. previously criticized Ethereal focus solely on smart contracts. That although who recently supported the launch of theEVM on the side chain Cardano. Hoskinson believes that Cardanoon the other hand, you can do. This is through governance and compliance as it works with metadata and automated governance.
Also, he called Cardano a look at a protocol that could “provide economic support to billions of people, especially in impoverished areas. Furthermore, he stated that “the long-awaited blockchain upgrade to Ethereal 2.0 could lead to the demise of the entire network. »
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