Cardano Launched EVM Sidechain on its Testnet
The Sidechain will be fully compatible with Ethereum upgrades tools and wallets while inheriting security from Cardanon's Mainnet according to IOHG.
The company behind the Cardano ecosystem input Output announced the launch of its Ethereum virtual Machine sidechain alpha on the Testnet, The layer one blockchain did not specify if such EVM compatibility would be directly deployed to its Mainnet one day
IOHK tweeted that initiative will enable developers to build a solidity-based application on the Cardano network that dApps developed on Ethereum could be seamlessly transferred to Cardano.
We’re releasing the Ethereum Virtual Machine (EVM) sidechain alpha! (Now on testnet.)
— Input Output (@InputOutputHK) June 12, 2022
Build your Solidity-based applications on #Cardano - a decentralized, permissionless, sustainable blockchain.
The future is interoperable. pic.twitter.com/sCK9XIuFll
Eric Czuleger, Senior content Editor of input Output Global said the community believes in "an interoperable future" that allows different blockchains to communicate with each other. in regards to the latest deployment of the EVM sidechain, Czuleger viewed it as an opportunity to onboard new users outside of the Cardano community while not "also complexity to the mainnet"
A growing number of layer one blockchains has rendered the issue of cross-chain communication particularly crucial. EVM is a decentralized computation engine that allows smart contracts from multiple sources to interact with one another. Cardano major Ethereum competitors like Fantom, Avalanche, and BSC now all have their networks compatible with EVM.
According to Milkomeda, a sidechain protocol supporting Cardano allows EVM-compatible smart contracts to be deployed on its C1 sidechain connected to the Cardano main chain. also, the sidechain aims to expand interoperability between Cardano and other blockchains like Solana by the end of the year.
Cardano's founder Charles Hoskinson is known for his views on blockchain interoperability and his recent embrace of the EVM deployment on Cardano's sidechain. he previously criticized Ethereum for its sole focus on smart contracts. Hoskinson argued that Cardano in contrast can do that with governance and compliance as it could operate with metadata and automated regulation.
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