Cardano’s EVM-compatible sidechain Testnet goes live – Cryptopolitan
Input Output, a developer of the Cardano (ADA) ecosystem, has one of its most recent accomplishments, it has released a fully functional public testnet for its Ethereum (ETH) sidechain following the introduction of its tools for creating sidechains. In particular, the team announced on Twitter on February 7 that Cardano’s public test network of the …<p class="read-more"> <a class="" href="https://www.cryptopolitan.com/cardano-launches-sidechain-built-on-evm/"> <span class="screen-reader-text">Cardano’s EVM-compatible sidechain Testnet goes live</span> Read More »</a></p>
Input Output, a developer of the Cardano (ADA) ecosystem, has one of its most recent accomplishments, it has released a fully functional public testnet for its Ethereum (ETH) sidechain following the introduction of its tools for creating sidechains.
In particular, the team announced on Twitter on February 7 that Cardano’s public test network of the proof-of-concept sidechain, built on top of the Ethereum Virtual Machine (EVM), is the first network of its kind created directly by Input Output.
📢OUT NOW: Following the latest #sidechain toolkit announcement, the #EVM sidechain proof of concept public testnet is now available! #Cardano
— Input Output (@InputOutputHK) February 7, 2023
The testnet will be accessible for a short time and will be periodically changed during its pilot phase, according to an official tweet from IOG.
Users can deploy smart contracts and decentralized applications, connect their wallets, and test token transfers between test environments (dApps). Participation and experimentation on the platform are encouraged among developers and stake pool operators (SPOs).
IOG added,
“During its pilot phase, this proof-of-concept testnet will frequently respond. It is ultimately designed to be a community resource, and we invite developers and SPOs to participate and work together.”
The team advised anyone with inquiries to post them in the comments or in the #ask-sidechains Discord channel. The team also promised to follow up with a video tutorial series and hold a Discord stage to address inquiries from the public regarding the sidechain toolkit.
Cardano innovations in the blockchain industry
It’s also crucial to remember that the Ethereum and Cardano networks have previously been connected in this manner. A sidechain project called Milkomeda was introduced in August 2021 by blockchain development company dcSpark, enabling the execution of EVM-compatible smart contracts from the Cardano mainnet.
Since then, the sidechain has been running successfully, logging about 10 million transactions moving through the network and having more than 100,000 cryptocurrency wallets. The sidechain’s name, “Milky Way” and “Andromeda,” represents the goal of interoperability.
As the number of smart contracts on its network topped 5,000, the Cardano team continues to put a lot of effort into the growth of the ecosystem, finishing second in its GitHub development activity and among the top smart contract cryptocurrency projects by staking market value.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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