The new Cardano EVM sidechain was announced on July 6, 2022.
IOG has implemented a completely decentralized scalability option known as the Cardano EVM sidechain. This latest development will pave the way for more effective development opportunities.
It will be the first-ever side chain created and released by IOG to give Solidity developers access to Cardano. The sidechain will allow developers to build DApps that use less energy and have lower fees than POW blockchains.
It will remain compatible with Ethereum hard forks. The importance of interoperability on the sidechain cannot be downplayed. It is important that the EVM maintains its interoperability with other tools and apps on its network.
The sidechain is a permissionless network. It grants users access to build without requiring the central authority’s interference.
Many features to enhance security on the EVM sidechain such as validator selection, block production, and reselection process have been provided.
Additionally, the Cardano EVM sidechain permits users to store assets, monitor analytics, and read ledgers from the network’s ecosystem. It makes the entry process less tasking for Solidity developers.
It will be compatible with the web3.js wallet and it also gives users total control of their data without involving a third party.
The sidechain is built to replace Ethereum’s POW algorithm with the OBFT consensus protocol. It provides efficient transaction processing at the highest network speed possible. Confirmation of transactions is also provided instantly.
The EVM sidechain is undergoing a continuous development process to ensure the network functions just as it is intended to.
IOHK also informed its community members that additional information regarding the EVM sidechain will be unveiled in the next couple of months.
Interested users and developers can now apply for early access to the sidechain’s alpha testnet.
