Cardano deploys EVM sidechain on its Testnet: ADA price shoots by more than 8% today

Cardano deploys EVM sidechain on its Testnet: ADA price shoots by more than 8% today
фото показано с : coinjournal.net

2022-6-14 13:28

Cardano (ADA) is defying the general crypto market trend and it is up by more than 8% today. The price hike is pegged on Cardano’s deployment of Ethereum Virtual Machine (EVM) on its testnet.

At the time of writing, ADA was trading at $0.494; up 8.37% over the past 24 hours.

IOHK, the company behind the Cardano ecosystem, announced the launch of its Ethereum Virtual Machine (EVM) sidechain alpha on its testnet, however, they did not specify if one day the EMV compatibility will be directly installed on its mainnet.

EVM is a decentralized computation engine that enables different smart contracts to interact with each another.

According to the IOHK tweet, the initiative will allow developers to create solidity-based applications on the Cardano network as well as enable other dApps build on Ethereum to be transferred seamlessly to Cardano.

We’re releasing the Ethereum Virtual Machine (EVM) sidechain alpha! (Now on testnet.)

Build your Solidity-based applications on #Cardano – a decentralized, permissionless, sustainable blockchain.

The future is interoperable. pic.twitter.com/sCK9XIuFll

— Input Output (@InputOutputHK) June 12, 2022

The interoperable future of blockchains

Input-Output Global (IOG) senior content editor, Eric Czuleger, claimed that the community believes in “an interoperable future” where different blockchains will be able to communicate with each other.

We believe in an interoperable future built on multiple blockchains.

That’s why we’re releasing the Ethereum Virtual Machine (EVM) sidechain alpha!

We welcome the #Ethereum community of users & devs to freely engage with the best of what #Cardano has to offer. pic.twitter.com/L56ArPZ4bA

— Input Output (@InputOutputHK) June 11, 2022

Besides the latest EVM sidechain deployment, Czuleger regarded this as a great opportunity to add more new users to the Cardano community without adding more complexity to the mainnet.

Quite a great number of growing layer-one blockchains have shown the importance of cross-chain communication. Apart from Cardano, main Ethereum competitors like BSC, Avalanche, and Fantom already have EVM-compatible networks.

In a blog post titled “Interoperability is key to blockchain growth” that was published weeks before Cardano launched the EVM sidechain, IGO noted that the sidechain will also allow developers to build compatible ERC-20 tokens for users to enjoy faster settlement times and lower fees.

The post also noted that Milkomeda, a sidechain protocol backing up Cardano, will allow EVM that is compatible with smart contracts to be launched on its C1 sidechain that is connected to the Cardano main chain, besides, the sidechain aim is to increase interoperability between Cardano and other blockchains like Solana before the year ends.

The post Cardano deploys EVM sidechain on its Testnet: ADA price shoots by more than 8% today appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.576
Капитализация $0 Rank 99999
Цена в час новости $ 0.5039 (-100%)

ada cardano shoots today evm deploys price

Источник: coinjournal.net

ada cardano → Результатов: 126


Фото:

Cardano (ADA) Drops 26.96%, Investors Shift Portion Of Their Portfolio to New A.i Driven Token O2T Before BTC Halving

In a significant market movement, Cardano (ADA) has seen a sharp decline of 26. 96%, prompting investors to reassess their portfolios. As the crypto community braces for the upcoming Bitcoin halving, many are turning to emerging technologies, such as the AI-driven token from Option2Trade (O2T), which offers a promising alternative to traditional investments like Cardano (ADA).

2024-4-17 20:00


Cardano за неделю упал более чем на 10%

Cardano (ADA) оказался на самом низком уровне с 26 февраля. За неделю его стоимость упала более чем на 10%. В ночь на четверг, 4 апреля, курс ADA опустился до $0,579. В марте альткоин торговался на максимальном уровне с 5 мая 2022 года.

2024-4-4 00:01


Cardano Mirrors Previous Bull Cycle: Analyst Eyes $10 for ADA If This Happens

Cardano (ADA), the popular smart contract platform, is showing signs of a potential bullish continuation as its price action appears to be mirroring patterns observed in its previous bull cycle. As ADA consolidates above key support levels, traders and analysts are growing increasingly optimistic about the token’s prospects, with some even suggesting a potential parabolic […] The post Cardano Mirrors Previous Bull Cycle: Analyst Eyes $10 for ADA If This Happens appeared first on CaptainAltcoin.

2024-3-6 22:15


Артур Хэйес назвал токен ADA «собачьим дерьмом»

Экс-CEO BitMEX Артур Хэйес назвал нативный токен блокчейна Cardano (ADA) «собачьим дерьмом» из-за низкого использования в протоколах. For all you $ADA believers, what dAPP on this list originally launched on Cardano, or has a Cardano offering that is heavily used? From my very limited knowledge, looks like none of them do. That's why $ADA is […]

2024-2-22 20:31


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Can Cardano rebound from its April crash? Price chart suggests...

Market sentiment around ADA continued to remain bearish.  Apart from a bull pattern, a few of the metrics hinted at a price uptick  Cardano [ADA] disappointed investors over the last few mThe post Can Cardano rebound from its April crash? Price chart suggests... appeared first on AMBCrypto.

Cardano's price loss - Is it time to scoop more ADA?

Most ADA transactions ended in a loss, prompting speculation that the price might drop again Price-DAA was below 0.50, indicating that it could be time to buy the token Losing 5.42% of its vThe post Cardano's price loss - Is it time to scoop more ADA? appeared first on AMBCrypto.

Cardano lags behind in market rally - Are ADA bulls asleep?

ADA is underperforming compared to BTC and ETH in the current market rally. Trading volumes and liquidity are lagging behind other top cryptocurrencies. As the crypto markets continues reeliThe post Cardano lags behind in market rally - Are ADA bulls asleep? appeared first on AMBCrypto.

Cardano’s "genesis keys": Centralization or necessary control?

Justin Bons raised concerns about Cardano's "genesis keys," challenging decentralization claims. Despite the challenges, Cardano highlights strong development activity. As the broader marketThe post Cardano’s "genesis keys": Centralization or necessary control? appeared first on AMBCrypto.