CryptoSpiel.com
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
CryptoSpiel.com
No Result
View All Result

Important update for the EVM sidechain out now

February 8, 2023
in Crypto News
Reading Time: 3 mins read
A A
0
Cardano massively outperforms Polkadot and Ethereum due to ecosystem growth
0
SHARES
7
VIEWS
ShareShareShareShareShare

Source: Immersion Imagery – Shutterstock

  • Cardano confirms a major announcement, stating that the EMV sidechain proof of concept public testnet has gone live. 
  • The announcement takes Cardano a step closer to improving scalability and security. 

In a recent announcement from Input Output Global Inc. (IOG), the firm behind the blockchain, Cardano has made the EVM sidechain proof of concept public testnet available to the public.

The announcement is a notable huge step for the Cardano blockchain and its entire ecosystem, as the network continues to evolve with each passing day.

📢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 EVM sidechain testnet is a proof of concept Cardano sidechain that uses the components of the sidechain toolkit. The sidechain was created for the purpose of displaying Cardano’s range. The sidechain shows that Cardano can be extended with new features like different smart contracts languages, or consensus protocols.

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.

Everything you should know about the EMV sidechain, important characteristics and upcoming webinars

The Cardano sidechain toolkit serves as a perfect example of how to build a Cardano sidechain. According to the team at Cardano, the EVM sidechain testnet presently connects to a dedicated Cardano testnet through a bridge.

Follow us for the latest crypto news!

This makes it possible for the community to transport tokens from one network to another. Decentralized applications and smart contracts that have been written in the Solidity language can also be deployed.

There will be an upcoming webinar for interested parties to partake in. All technical questions surrounding the tesnet and the toolkit will be answered during the webinar.

Cardano welcomes all questions and feedback from community members. Questions can be posted on discord using the hashtag “#ask-sidechain” and on Twitter, tagging the official InputOutputHK Twitter handle.

The announcement comes not long after Cardano revealed its sidechain toolkit. The sidechain toolkit was previewed at the recently held IOScotFest, and Cardano shared on the 12th of January, that the first iteration was live. Cardano explains in a blog post;

          No spam, no lies, only insights. You can unsubscribe at any time.

Input Output Global (IOG) has assembled a team of specialist engineers to use the rock-solid foundation of Cardano to build a toolkit for building custom sidechains. Using the toolkit, they have constructed an Ethereum virtual machine (EVM)-compatible sidechain public testnet as a proof of concept.

Sidechains are extremely important, as they make the Cardano network more extensive and scalable while maintaining the security of the main chain.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.


Credit: Source link

RELATED POSTS

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases

Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)

Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link

Buy JNews
ADVERTISEMENT
ShareTweetSendPinShare
Previous Post

BitMEX Founder Arthur Hayes Makes Massive $8,000,000 Profit Buying Up GMX: On-Chain Data

Next Post

swappin.gifts x Coin98 collab opens a New World of IRL shopping experience

Related Posts

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases
Crypto News

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases

April 14, 2026
Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)
Crypto News

Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)

April 8, 2026
Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link
Crypto News

Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link

April 8, 2026
Next Post
swappin.gifts x Coin98 collab opens a New World of IRL shopping experience

swappin.gifts x Coin98 collab opens a New World of IRL shopping experience

12 Must-Read Tips to Spot the Best Projects 

NBA Star NFT Sells for $187,000 on Sorare

Recommended Stories

Can US-Iran new peace deal signal keep Bitcoin above $70,000?

Can US-Iran new peace deal signal keep Bitcoin above $70,000?

April 8, 2026
Bitcoin Addresses Holding Between 100 and 10,000 BTC Hit a 7-Week High

Anthropic Reveals Claude Code Tool Design Philosophy Behind AI Agent Development

April 10, 2026
Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link

Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link

April 8, 2026

Popular Stories

  • Winklevoss Twins Continue Crypto Donation Spree With Another $1,000,000 in Bitcoin (BTC)

    Trader Says DeFi Altcoin Aave Witnessing Clear Trend Switch, Updates Forecast on Two Low-Cap Coins

    0 shares
    Share 0 Tweet 0
  • Binance Signs Exclusive NFT Partnership With Football Icon Cristiano Ronaldo

    0 shares
    Share 0 Tweet 0
  • SEC Scholars Program Opens Applications for Fall 2023 Internship

    0 shares
    Share 0 Tweet 0
  • China’s Guangdong Province Aims to Lead in Quality and Innovation by Embracing Blockchain and AI Technologies

    0 shares
    Share 0 Tweet 0
  • Grayscale Considering 25 More Crypto Assets for Investment Products – Altcoins Bitcoin News

    0 shares
    Share 0 Tweet 0
CryptoSpiel.com

This is an online news portal that aims to provide the latest crypto news, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases
  • SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News
  • Anthropic Reveals Claude Code Tool Design Philosophy Behind AI Agent Development

Subscribe Now

Loading
  • Live Crypto Prices
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - cryptospiel.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams

© 2021 - cryptospiel.com - All rights reserved!

Please enter CoinGecko Free Api Key to get this plugin works.