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Cardano Launches Customized EVM-Compatible Side Chain Toolkit

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On March 6, the development company behind Cardano, Input Output Global (IOG), announced the launch of the customized EVM compatible side chain toolkit. At pre…

Cardano Launches Customized EVM-Compatible Side Chain Toolkit

On March 6, the development company behind Cardano, Input Output Global (IOG), announced the launch of the customized EVM compatible side chain toolkit. At present, the proof-of-concept version has been launched on the test network. The toolkit consists of three core components, namely, Mainmain Plutus script (supporting secure cross-chain transactions and token movement), on-chain tracker (tracking the main chain data and events of the management side chain) In the side chain module (explaining the main chain data and implementing the necessary ledger adjustment), developers will be able to build a customized side chain for Cardano, and then support more functions and scalability on the chain. （Micky）

Cardano launches EVM compatible side chain kit

Interpretation of the news:


The development company behind Cardano, Input Output Global (IOG), has announced on March 6 the launch of a new customized EVM-compatible side chain toolkit. With the proof-of-concept version already deployed on the test network, this new toolkit is expected to allow developers to build a customized side chain for Cardano, boosting scalability, and supporting more functions and cross-chain transactions.

The toolkit comprises of three core components that include Mainmain Plutus script, on-chain tracker, and the side chain module. The Mainmain Plutus script will support secure cross-chain transactions and token movements on the platform. This will allow users to transfer funds easily across different chains and, in turn, facilitate the growth of the Cardano ecosystem. The on-chain tracker will help developers track data and events on the main chain, which will be useful for managing the side chain. Lastly, the side chain module will explain the main chain data and enable the necessary ledger adjustments.

Additionally, the EVM-compatible feature in the toolkit means developers can migrate their smart contract applications from Ethereum to Cardano with ease. This is expected to create more opportunities for developers to build decentralized applications on Cardano, further boosting scalability and adoption.

The launch of this new toolkit underscores Cardano’s ongoing efforts to deliver the best solutions to its community, and further position itself as a market leader in the space. It also highlights the importance of scalability as a crucial factor in the growth of blockchain technology. With this new toolkit, Cardano is well-positioned to meet the needs of developers and users alike, and elevate the Cardano ecosystem to a new level.

In conclusion, IOG’s launch of the customized EVM-compatible side chain toolkit represents a significant milestone on the Cardano platform. The toolkit delivers a host of new features that enable developers to build custom side chains and smart contracts with ease, ultimately improving scalability and cross-chain functionalities. With more developments expected in the future, Cardano is poised to attract more developers, users, and investors to its ecosystem, cementing its place as one of the leading blockchain platforms in the market.

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