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Cardano Ecosystem

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06/28/2024

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Cardano (ADA) Goes Interchain With IBC Sidechain

Cardano (ADA) has registered a huge milestone in integrating Inter-Blockchain Communication Protocol (IBC) Sidechain capabilities into its network. Cardano IBC Integration and Core Features The rise in...

Cardano (ADA) Goes Interchain With IBC Sidechain

Cardano (ADA) Goes Interchain With IBC Sidechain

Cardano (ADA) has registered a huge milestone in integrating Inter-Blockchain Communication Protocol (IBC) Sidechain capabilities into its network.

Cardano IBC Integration and Core Features

The rise in challenges related to scalability, data privacy, and interoperability compelled Carfano to make this move. Markedly, the integration of IBC Sidechain is designed to facilitate reliable transactions and data exchanges across different blockchain networks.

💥 @Cardano goes interchain!

Through the Cardano IBC Sidechain, Cardano connects with an ecosystem of 115 IBC-enabled chains: the interchain.

Cardano’s IBC integration will expand the #interchain ecosystem to a vibrant community of blockchain pioneers. pic.twitter.com/rNSBmzCZDA

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— Cosmos – The Interchain ⚛️ (@cosmos) June 27, 2024

The IBC solution is framed in such a way that it improves what blockchains are capable of achieving. While it makes the transfer of data and assets between different blockchains achievable, it will also ensure that they are still able to benefit from the security and deterministic fees that the Cardano blockchain offers.

Moreso, the IBC capabilities could serve as a bridge between Cardano network and Cosmos SDK-based side chains. Precisely, projects in the Cardano ecosystem can conveniently bridge to Cosmos SDK chains. They could also bridge to the broader interchain ecosystem, which comprises of more than 115 interconnected blockchains.

Beyond the interconnectivity that the IBC integration brings to Cardano, the solution also impacts on Ethereum Virtual Machine (EVM)-based sidechains. It provides another option to connect these EVM sidechains to Cardano, a feature that is crucial for developers.

In the long run, these builders can deploy EVM-based Decentralized Applications (DApps) on Cardano sidechains with no hassle. This is achieved via a combination of the familiarity and developer tools inherent in the Ethereum ecosystem. This will complement Cardano’s security and scalability.

Ultimately, the Cardano Foundation hope to achieve broadening the scalability, reach, and connectivity of blockchain technology. It hopes to provide easier and better ways to deploy blockchain in an interoperable future with the integration of IBC.

Cardano Upgrades And Improvements 

Meanwhile, this integration is one out of key amendments and improvements that Cardano has been introducing to its ecosystem in recent times. On Thursday, the Cardano Foundation announced  its new governance role in bid to become more decentralized following its latest Chang hard fork. This was in addition to revealing its role in the Interim Constitutional Committee (ICC) and participation in the ICC election.

Also, Cardano introduced a new upgrade, “docker-cardano-cli v8.24.0.0-1,” developed by Blinken Labs about a week ago. The upgrade is focused on enhancing staking accessibility while continuing to underscore Cardano’s innovative edge in the blockchain sphere. These additions and upgrades definitely underscores Charles Hoskinson’s recent statement about Cardano waking up.

Read More: Optimism, Sui, Ethena Braces For Massive Liquidation, Here’s Why

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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