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.
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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 an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
