Input Output Global (IOG), the company behind the innovative Cardano blockchain, has announced the launch of a new sidechain that is compatible with the Ethereum Virtual Machine (EVM). The launch of this sidechain testnet represents a significant step forward for Cardano and its users, offering numerous benefits and possibilities.
The new sidechain will allow users to deploy decentralized applications (dApps) and smart contracts, as well as run token transfers between test environments and connect their wallets. This will enable users to test their applications and services in a secure and controlled environment before deploying them on the main Cardano network.
Last month, IOG also announced the release of a new toolkit for developers, which will allow them to deploy custom sidechains on the Cardano network. The toolkit will enable sidechains to feature their own algorithms and features, and will connect them to Cardano’s root chain to facilitate cross-chain transfers. This new toolkit will further expand the utility of the Cardano network, providing developers with the ability to create and deploy their own custom sidechains.
The EVM sidechain testnet is a proof of concept sidechain that will be available for a short duration during its pilot phase. However, IOG has stated that the testnet will continue to run for the foreseeable future and encouraged developers and validators to use the toolkit and the sidechain to expand the utility of the Cardano network. Stevan Lohja, IOHK developer relations manager, explained that the project was started to extend the capabilities of the Cardano blockchain.
The Cardano sidechain testnet is a “proof of concept” implementation of the components used in the Cardano sidechain toolkit.
This Cardano sidechain is designed to be a flexible platform that can incorporate new features, such as different smart contract languages or consensus protocols. It’s an example of how you might build your own extensible blockchain using the Cardano toolkit.
The launch of this EVM-friendly sidechain testnet is a significant milestone for Cardano and its users. It will allow the Caradano network to expand its reach and provide developers with the tools and resources they need to build and deploy innovative applications and services.
The future looks bright for Cardano, and we can expect to see continued growth and adoption of this innovative platform.