Cardano’s public test ecosystem of the proof-of-concept (PoC) sidechain, constructed atop the Ethereum Virtual Machine (EVM), is the initial network of its sort created by Input Output, per the team’s February 7 tweet.
As per the statement, this proof-of-concept (PoC) testnet is transitory “and will be routinely respun throughout its trial stage,” but “eventually, it is meant to be a community space, and we welcome programmers and SPOs to cooperate.”
Keeping this view, the team stated that it will shortly follow it up with a video instructional series and hold a Discord platform to address the public’s queries regarding the sidechain toolset, urging interested parties to express their queries in the #ask-sidechains Discord channel and the comment thread.
Notably, this isn’t the first occasion that the Ethereum and Cardano ecosystems have been connected in this manner. The blockchain development company dcSpark unveiled the Milkomeda sidechain in August 2021, enabling EVM-compatible smart contracts to be performed on the Cardano mainnet.
Ever since, the sidechain, whose very title exemplifies the concept of interoperability (‘Milky Way’ and ‘Andromeda’), has been running successfully, with over 100,000 cryptocurrency wallets and approximately 10 million network activities recorded.
The Cardano group keeps working diligently on the network’s growth, ranking second in its GitHub development work and being among the top smart contract cryptocurrency ventures by staking market value as the count of smart contracts on its platform surpasses 5,000.
In addition, Cardano has registered the greatest rate of whale involvement over the previous nine months, with transaction levels that haven’t occurred since May 2022, indicating that the value of its native crypto token may soon see a big spike.