Smart Kontrakt Plattform Cardano (ADA) is launching a new sidechain proof of concept that is compatible with Ethereum (ETH).
In a new announcement, Input Output Hong Kong (IOHK), the development team behind Cardano, seet it’s launching a new public testnet compatible with the Ethereum Virtual Machine (EVM).
According to Stevan Lohja, IOHK’s developer relations manager, the project was started to expand the Cardano blockchain’s utility.
“The EVM sidechain testnet is a proof of concept Cardano sidechain which uses the components of the sidechain toolkit. We created this sidechain to prove Cardano could be extended with new features, such as different smart contract languages, or consensus protocols, and the sidechain toolkit serves as an example [of] how to build a Cardano sidechain.”
Though no specific time frame was given, IOHK says the testnet will be running for a long time and encourages developers and validators to use both the toolkit and sidechain.
“This proof of concept testnet is ephemeral and will be regularly respun during its pilot phase. Ultimately, it is intended to be a community resource and we encourage developers and SPOs to get involved and collaborate.”
Kuerzem, Krypto Analyse Plattform Santiment fonnt that whale activity on Cardano has been spiking. The firm said that the last time something similar happened, ADA’s price skyrocketed.
"Cardano Walenzuelen sinn am Joer 2023 eropgaang, a grouss Transaktioune si besonnesch ausgebrach.
Déi leschte Kéier wou et sou vill $ 100,000 ADA Transaktioune waren, war am Mee, a säi Präis sprang +36% vun Ufank vun där Woch bis seng lokal Top am Ufank Juni.
Cardano is trading for $0.394 at time of writing, a fractional gain on the day.
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Source: https://dailyhodl.com/2023/02/08/cardano-ada-launches-new-ethereum-compatible-sidechain-proof-of-concept/