Cardano Launches Fully Operational Ethereum Sidechain Testnet
Input Output, the Cardano (ADA) ecosystem developer, has recently achieved a significant milestone with the launch of its Ethereum (ETH) sidechain's fully operational public testnet.
According to the company’s February 7th Twitter announcement, this test network is the first of its kind developed directly by Input Output and is based on the Ethereum Virtual Machine (EVM).
📢OUT NOW: Following the latest #sidechain toolkit announcement, the #EVM sidechain proof of concept public testnet is now available! #Cardano
— Input Output (@InputOutputHK) February 7, 2023
The team stated that this proof-of-concept testnet is temporary and will be frequently updated during its pilot phase. It is ultimately intended to be a community resource and encourages developers and Service Providers (SPOs) to get involved and collaborate.
The Cardano team also plans to follow up with a video tutorial series and a Discord platform to answer any questions the public may have about the sidechain toolkit.
This isn’t the first time that the Ethereum and Cardano networks have been connected, as the Milkomeda sidechain project was launched in August 2021 by blockchain development firm dcSpark.
READ MORE: Visa to Test Stablecoin Payments
The sidechain, which symbolizes the vision of interoperability, has been operating successfully with over 10 million transactions and 100,000 crypto wallets.
Meanwhile, the Cardano team continues to actively develop the ecosystem, ranking second in GitHub development activity and among leading smart contract crypto projects by staking market capitalization.
The number of smart contracts on its network has surpassed 5,000. Additionally, Cardano has recorded the highest level of whale activity in the past nine months, indicating a potential increase in the price of its native token.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
