Cardano's IOHK Released Its First Ethereum Sidechain

Cardano developing firm IOHK has launched its first Ethereum-compatible sidechain on the public net. Although this isn’t the first time, as Milkomeda’s Cardano sidechain, which is EVM-compatible, has been successfully running on the main network for some time now.

However, the recently released Ethereum-compatible sidechain was the first explicitly created by Input Output.

A sidechain is a separate blockchain that operates next to the main network, sometimes known as the parent blockchain. Sidechains frequently aim to provide scalability to the mainnet, which frequently places a premium on security and decentralization.

In the series of tweets, Input Output HK invited community members and stake pool operators on Cardano to link their wallets, test the network and interact with smart contracts and decentralized applications.

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.

The information comes after a previous release by the Cardano ecosystem team, which disclosed the introduction of a software toolkit designed to enable developers to deploy unique sidechains on Cardano with the goal of enhancing the ecosystem.

The announcement also included the official technical documentation for the sidechain toolkit.

It was reported earlier that IOG developers had already utilized the toolkit to construct an Ethereum Virtual Machine [EVM]-compatible sidechain public testnet as a “proof-of-concept.”

The team was waiting for the audit to be finished, and once it is, anyone can run decentralized applications, make smart contracts, and transfer tokens between testing chains.

The toolkit will also provide the sidechains creators the ability to choose their own consensus mechanism in addition to other application-specific features.

“Cardano Sidechains Will Bolster Mass Adoption”

IOG hopes that in the near future, “a family of Cardano sidechains and partner chains will emerge,” paving the door for “wide adoption” of the Cardano ecosystem.

As reported by TronWeekly, deposits, and withdrawals on ADA are to be temporarily suspended by Binance for the upcoming Valentine’s Day update of the Cardano network, called SECP.

In accordance with the blog post, the exchange will reopen deposits and withdrawals for ADA once the upgraded network is stable.

The scheduled SECP update will initially take place on the test networks from Feb. 11, before going live on the mainnet.