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03/31/2023

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ADA Wallets Set To Empower Cardano Users With Ethereum dApps - CoinCu News

Key Points: Cardano’s upcoming feature on Milkomeda will allow users to access Ethereum Virtual Machine (EVM) contracts expanding the network’s utility for developers and users. Staking rewards will be...

ADA Wallets Set To Empower Cardano Users With Ethereum dApps - CoinCu News

Key Points:

  • Cardano’s upcoming feature on Milkomeda will allow users to access Ethereum Virtual Machine (EVM) contracts expanding the network’s utility for developers and users.
  • Staking rewards will be enabled soon for all EVM users including smart contract developers, which incentivizes contributions to the Cardano network.
  • Ethereum application developers can build dapps and DeFi applications on Cardano’s network without the need for a new language or toolkits. This means apps can be used with cardano tokens increasing their utility for holders.
An upcoming feature on Milkomeda is set to revolutionize the way Cardano users access Ethereum Virtual Machine (EVM) contracts.
ADA Wallets Set To Empower Cardano Users With Ethereum dApps

This feature will allow ADA users to access EVM contracts directly from any ADA wallet, which will expand the network’s utility for developers and users alike. Milkomeda is a network that connects blockchains such as Cardano and Algorand to EVM contracts, thereby enhancing the interoperability of different blockchain networks.

In a recent tweet, Sebastien Guillemot, CEO of Milkomeda, announced that staking rewards for all EVM users, including smart contract developers, will be enabled soon. This development is a major win for developers and users who will be able to earn rewards for their contributions to the Cardano network.

Are you saying a DAPP builder from the EVM world can now build his DAPP on CARDANO via milkomeda, Coding in solidity and users transact with #ADA on said DAPP seamlessly?

— Alexander Legolas (@ShillMoBaggins) March 30, 2023

Moreover, this feature will allow Ethereum application developers to build dapps and decentralized finance (DeFi) applications on ADA’s network using Solidity. Solidity is the computer language used to code Ethereum, and with this feature, developers will not need to install new toolkits or learn a new language. This means that applications can be used with Cardano tokens instead of ether, which increases their utility for holders.

This upcoming feature on Milkomeda is a game-changer for the blockchain industry. It enhances interoperability between blockchain networks and expands the utility of the ADA network for developers and users. With the ability to access EVM contracts directly from any Cardano wallet and earn staking rewards, developers and users have a lot to look forward to.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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