Input Output Global (IOG), the development team behind Ethereum (ETH) rival Cardano (ADA), is announcing the launch of a new toolkit that allows for the building of sidechains for the Cardano network.
In a blog post, IOG says that the toolkit enables developers to build Ethereum virtual machine (EVM)-compatible chains with their own consensus algorithm and features.
One such chain has already been created as a proof of concept, according to IOG’s announcement.
“Using the toolkit, they have constructed an Ethereum virtual machine (EVM)-compatible sidechain public testnet as a proof of concept. Sidechains make Cardano extensible and more scalable without compromising the stability or security of the main chain.”
The toolkit comes with a technical specification document containing an introduction and guide to Cardano sidechains and is designed with developers in mind. It aims to empower developers to achieve key tasks, like moving data and assets between the main chain and custom sidechains, and securing sidechain launches and smaller chains. The toolkit also allows developers to experiment, incubate and research.
According to IOG, the easy development of sidechains is one of the key components that can help spark mass adoption of Cardano.
“Sidechains development paves the way for mass adoption of Cardano by enabling much higher throughput without reduction in decentralization or security. Blockchain developers can more easily create custom sidechains. Eventually, IOG hopes to see a family of Cardano sidechains and partner chains emerging.”
IOG says the new toolkit will be released to the public this month, allowing the community to deploy decentralized applications (DApps), create smart contracts and transfer tokens between the testing environment chains.
“There are plenty of improvements that can be made and there are lots of diverse ways of running a sidechain. However, we hope what we have developed internally at IOG will provide a core set of capabilities and lay firm foundations for building out a set of tools and making further improvements in collaboration with the community.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Vlad_Nikon/Mingirov Yuriy
The post Cardano Developers Reveal Critical New Toolkit for Ethereum-Compatible Sidechains appeared first on The Daily Hodl.
