$ ADA: IOG is working with Wanchain to enable "future Cardano to become EVM-compliant side chain"

$ ADA: IOG is working with Wanchain to enable “future Cardano to become EVM-compliant side chain”

Cardano ($ ADA) developer Input Output is reportedly working with Wanchain, a blockchain interoperability solution, to make it an Ethereum Virtual Machine (EVM) compliant network at Cardano, bringing additional support to the network.

According to a press release, Input Output and Wanchain will work together “to enable interoperability between Cardano’s core network, Cardano’s side chains and other block chain networks” and deploy “distributed, non-storage, two-way crosschain bridges” connecting Cardano to other block chains. .

The press release reads:

Wanchain bridge nodes will also be upgraded to connect the Wanchain and Cardano networks to further secure Cardano’s crosschain bridges and transactions. In other words, Wanchain will become Cardano’s EVM-compliant side chain.

Wanchain, a documentary ad, is a sustainable proof-of-stake blockchain and distributed blockchain interoperability solution that operates as a “full Ethereum-type environment.”

Its crosschain bridges are reportedly decentralized, straight and non-storage. They connect EVM and non-EVM networks “without requiring transmission chains or transmission networks”. The document adds that they currently “connect more than 15 Layer 1 and Layer 2 networks.”

It adds:

Adding Cardano to this extensive blockchain network connects the Cardano network to other DeFi and Web3 ecosystems, increasing both the potential uses of ADA holders in other chains and paving the way for BTC, ETH, DOT, WAN, XRP and others. coins for use in Cardano’s own Dapp ecosystem.

It adds that making Wanchain an EVM-compliant Cardano side chain would allow Cardano’s distributed application developers to use “more coding languages, frameworks, and integrated development environments.”

The transfer is also said to act as a scaling solution, as transactions can be efficiently transferred out of Cardano’s main network, in which case only “important data” is stored in it. It was touted as a move that would allow Cardano to “move into a full-fledged multi-chain ecosystem with greater security and scalability than other networks.”

The announcement comes shortly after Input Output proposed increasing the network block size by 10 percent from 80 KB to 88 KB per block, as network load has remained above 80 percent in an effort to “increase performance and DApp performance.”

As CryptoGlobe reports, Cardano now has more than 900 projects based on it and has undergone several development projects in recent months, including the launch of the ERC-20 converter.

The number of wallets created in the Cardano block chain has already grown by more than 500,000 this year, with 453,000 wallets created during the first quarter.

The views and opinions expressed by the author or any person mentioned in this article are for informational purposes only and do not constitute financial, investment or other advice. There is a risk of financial loss from investing in or trading in cryptographic assets.

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h/t – CryptoGlobe

Thomas Miles

Cryptocurrency is the most recently discovered currency which will be likely at the help of modernization across the next few decades. With a limited control from the government, the crypto market is independent of many features of a sound market as we know it. Thomas brings these stories to us by weaving them into articles of general importance to all those looking at the fluctuations in the market, or new entries. Thomas is also the founder of Bulletin Bits and is an excellent leader. His leadership is the kind that makes him the most knowledgeable and experienced on the team. His wonderful work ethic and attitude are worthy of imitation!

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