The Ethereum Virtual Machine (EVM) sidechain alpha, which is already on testnet, is now accepting developer applications, according to IOHK.
Cardano developers can now create Solidity-based Cardano applications using the Ethereum Virtual Machine (EVM) sidechain thanks to a new application link made available by Input Output Hong Kong (IOHK).
The sidechain is currently accessible on the testnet, according to IOHK’s initial June 12 announcement of the program’s introduction. The blockchain company has just launched a platform for developers to apply to create Solidity-based Cardano applications. A video describing how developers can access the EVM sidechain was included in the announcement tweet.
The news was made less than two months after the company detailed some of its side chains, including the permissionless EVM sidechain, in a blog post headlined “Interoperability is key to blockchain growth.”
The blog stated the following:
“This sidechain will allow developers to write Solidity smart contracts on Cardano, create EVM compatible DApps, and ERC20-compatible tokens (and in time, their own sidechains) while gaining many of the benefits of Cardano.”
This implies that users will gain from significantly cheaper fees and quicker settlement times while using an Ethereum compatible blockchain like Cardano.
The sidechain will be fully compatible with all Ethereum tools and upgrades, according to the blog post. Web3 wallet compatibility, Cardano main chain security, and the Ouroboros Byzantine Fault Tolerance consensus protocol.
Cardano has seen a huge rise in interoperability upgrades. A sidechain protocol called Mikomedia was introduced to the network in March. Developers can produce EVM-compatible smart contracts that can be executed on the Mikomedia C1 using the Cardano-based protocol.
Interoperability appears to be a key focus as Cardano continues its development drive. In addition, the network intends to build side chains that will be compatible with other networks like Solana.