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Cardano Ecosystem Will Expand With Custom-Built Sidechains

source-logo  cryptonews.net 13 January 2023 14:02, UTC
Anna Martynova

The team behind the Cardano ecosystem will release a software toolkit later this month that will allow developers to deploy custom-built sidechains on Cardano to improve the ecosystem. The toolkit will allow sidechain creators to choose their own consensus mechanism and other application-specific features while maintaining the security of the main chain.

This was announced on January 12 by Input Output Global (IOG), a blockchain development company founded by Charles Hoskinson and formerly known as Input Output Hong Kong (IOHK). The announcement included official technical documentation for the sidechain toolkit.

IOG developers have already used this toolkit to create a public testnet compatible with the Ethereum Virtual Machine (EVM) as a “proof of concept”. Once the audit is complete, anyone will be able to deploy decentralized applications, create smart contracts, and move tokens between different testing chains.

Image: Binance Academy