Input Output Global (IOG), the leading developer company behind the Cardano blockchain, has decided to launch a toolkit to help developers design sidechains on Cardano. The creator of more sidechains would make the blockchain more scalable and extensible. The security and stability of the main chain will also be updated more regularly as more side chains are developed on the main chain. Launched in September 2017, Cardano is an energy-efficient Proof-of-Stake (PoS) blockchain.
side chains are Blockchains which relies on and is connected to a previously established main blockchain.
Cardanos Toolkit for creating sidechains will be released later this month. The engineers who created the toolkit constructed a compatible sidechain as a proof of concept. The sidechain is compatible with the Ethereum Virtual Machine (EVM), software that runs smart contracts and calculates the state of the Ethereum network.
“With this toolkit, anyone can start using Cardano’s security and infrastructure to create mission-specific sidechains. The EVM sidechain proves the feasibility of this concept. All of this work will be shared with the Cardano community and will be fully open source. The first phase was the demonstration of the EVM application at IO ScotFest in Edinburgh at the end of November 2022,” the IOG said in one official post.
Once the testnet for the EVM sidechain is released, developers can try it out.
“The communication between the main chain and the side chain allows them to maintain their own (possibly modified) consensus protocols and block formats and still work together, opening up a wider range of applications,” the post states.
The IOG is a blockchain engineering company founded by Cardano mastermind Charles Hoskinson, who was also a co-founder ether Next Vitalik Buterin and other.
Its engineers have packed the upcoming toolkit with a number of features to help developers realize its full potential.
Cardano itself aims to become the “Internet of Blockchains”. Essentially, it aims to support an ecosystem that connects a set of blockchains, that brings interoperability between blockchains, and that links dApps based on separate chains.
