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).
— 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.