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Cardano Ecosystem Will Expand With Custom-Built Sidechains

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

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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