SharemarketSharemarket
    What's Hot

    GOCC dividend performance up 127% during Duterte term – BusinessWorld Online

    June 29, 2022

    Seven Hills Realty upgraded to Outperform at JMP on transformation progress (NASDAQ:SEVN)

    June 29, 2022

    Dr. Fauci Said Virus Experts Are “Very Concerned” About This — Best Life

    June 29, 2022
    Facebook Twitter Instagram
    SharemarketSharemarket
    Facebook Twitter Instagram
    • Home
    • Web Stories
    • Finance
    • International Markets
    • IPL
    • Tech
    • Sports
    • Crypto NFT
    • entertainment
    • Music
    • Lifestyle
    SharemarketSharemarket
    Home»Crypto NFT»Input Output launches suite of sidechains for Cardano blockchain
    Input Output launches suite of sidechains for Cardano blockchain
    Crypto NFT

    Input Output launches suite of sidechains for Cardano blockchain

    SharemarketnewsBy SharemarketnewsJune 20, 2022No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    A new Cardano EVM Sidechain for Solidity developers is set to increase interoperability between Cardano and Ethereum. The Ethereum Virtual Machine (EVM) is the virtual computer system at the heart of the Ethereum blockchain’s operating structure.

    Solidity developers will be able to bring their existing Ethereum applications to an EVM-compatible sidechain that supports all the EVM tools and frameworks they currently use on the Ethereum network.

    This platform will make it easy for Solidity developers to build applications in an environment with all of the aspects they love about Ethereum and all of the aspects they would like access to on Cardano.

    Sidechains

    Separate blockchains connected to the main blockchain network, Sidechains allow developers to bring new features to blockchain platforms. The new offering from Input Output Global (IOG), one of the systems companies behind Cardano, will introduce a new suite of Cardano sidechains.

    Sidechains enhance programmability (the ability for developers to have more control over the types of solutions they can build), scalability (the ability of a blockchain to grow with its user base), and interoperability (the ability of different blockchain networks to connect) within the blockchain space.

    The first step on this journey is the EVM Sidechain alpha release. The currently private test environment will next move to an alpha release, permissioned testnet, where users can start building on the sidechain.

    Once the bridging mechanism is fully developed, users will be able to securely send assets between the EVM Sidechain and the Cardano mainnet.

    Full capabilities of the sidechain will be developed over the coming year, with mainnet deployment set to launch in 2023.

    Over time, as more users adopt blockchain technology, we will need more specialized sidechains designed to address specific use cases.

    Once the EVM Sidechain is fully developed, blockchain developers will have the ability to use the EVM Sidechain as a framework to create their own Cardano sidechain.

    “At IO we want to give devs the best tools to take advantage of blockchain, no matter their background in the space. Sidechains enable us to expand the Cardano feature set for niche apps and provide a test ground for new capabilities for developers. The EVM Sidechain will let the Cardano community benefit from the billions of dollars of investment that have built the Ethereum ecosystem, with ADA holders able to participate in securing these satellite ecosystems.” 
    – Dynal Patel, CPO of Input Output

    To register your interest in being one of those on the testnet for the EVM Sidechain, click on the link here.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Sharemarketnews
    • Website

    Related Posts

    Governments, enterprise, gaming: Who will drive the next crypto bull run?

    June 29, 2022

    FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming – Bitcoin News

    June 29, 2022

    Lending network enables transparent credit history in Africa via blockchain partnership

    June 29, 2022

    MicroStrategy scoops up 480 Bitcoin amid market slump

    June 29, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook Twitter Instagram Pinterest YouTube
    Top Insights

    GOCC dividend performance up 127% during Duterte term – BusinessWorld Online

    June 29, 2022

    Seven Hills Realty upgraded to Outperform at JMP on transformation progress (NASDAQ:SEVN)

    June 29, 2022

    Dr. Fauci Said Virus Experts Are “Very Concerned” About This — Best Life

    June 29, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Type above and press Enter to search. Press Esc to cancel.