Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Cardano Blockchain Seeks to Become Largest EVM Chain with This Innovation

Altszn.com by Altszn.com
April 1, 2023
in Blockchain
0
Cardano Blockchain Seeks to Become Largest EVM Chain with This Innovation
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


Milkomeda is working on a new feature that would allow Cardano users to use any EVM contract directly from any Cardano wallet.

The Cardano blockchain has been recently working its way to becoming the top EVM chain in the crypto space. Milkomeda co-founder Sebastien Guillemot recently announced that the development can happen as early as next month.

This is because Milkomeda is introducing a new feature that would allow Cardano users to use any EVM contract directly from any Cardano wallet, and all within ADA. Thus, developer Guillemot added that Cardano is set to become one of the largest EVM networks in terms of user base.

Furthermore, Milkomeda plans to launch staking rewards for all EVM users, including the developers of the smart contracts. Thus, it will also make Cardano the largest EVM-compatible chain having a full operational staking rewards system. Guillemot has also invited those interested in building on Cardano’s EVM layer and receive rewards for five days. He wrote:

“Not only this, but it will be the largest EVM chain with staking rewards fully operational! Milkomeda (@Milkomeda_com) is soon enabling staking rewards for all EVM users, including smart contract developers Build in Cardano’s EVM layer and get paid automatically every 5 days!”

However, some users have expressed discontent with this development on Cardano adding that it leads to questioning the validity and the uniqueness of the Cardano blockchain as a standalone blockchain network.

Cardano Users Can Access Ethereum dApps

Amid the current development from Milkomeda, Cardano users will soon be able to access Ethereum Virtual Machine (EVM) contracts directly from the Cardano wallets.

An Ethereum Virtual Machine basically refers to an environment wherein all Ethereum accounts and smart contracts can live together and work as a mutual computer used by developers for creating decentralized applications (dapps).

Deploying EVM on other blockchains would allow developers to build dApps as well as decentralized finance (DeFi) applications similar to the way they would build on the Ethereum blockchain. The latest development from Milkomeda will allow Ethereum application developers to build atop the Cardano blockchain using Solidity – the computer language used to code Ethereum – without requiring any new toolkits.

These applications can be used solely with Cardano’s ADA tokens instead of Ether thereby increasing the utility for holders.

next

Altcoin News, Blockchain News, Cryptocurrency news, News

Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

Thank you!

You have successfully joined our subscriber list.





Read More: www.coinspeaker.com

Tags: BlockchainCardanoChainEVMInnovationLargestSeeks
ADVERTISEMENT

Recent

AI scammers are now impersonating US government bigwigs, says FBI

AI scammers are now impersonating US government bigwigs, says FBI

May 16, 2025
Asset tokenization expected to speed capital flows, says Chainlink’s Nazarov

Asset tokenization expected to speed capital flows, says Chainlink’s Nazarov

May 15, 2025
Cardano Eyes Milestone as Hoskinson Teases Blockchain’s First Privacy Stablecoin

Cardano Eyes Milestone as Hoskinson Teases Blockchain’s First Privacy Stablecoin

May 15, 2025

Categories

  • Bitcoin (4,836)
  • Blockchain (11,372)
  • Crypto (9,312)
  • Dark Web (545)
  • DeFi (8,376)
  • Ethereum (4,886)
  • Metaverse (7,490)
  • Monero (288)
  • NFT (1,459)
  • Solana (5,038)
  • Web3 (20,652)
  • Zcash (503)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    AI scammers are now impersonating US government bigwigs, says FBI

    AI scammers are now impersonating US government bigwigs, says FBI

    May 16, 2025
    Asset tokenization expected to speed capital flows, says Chainlink’s Nazarov

    Asset tokenization expected to speed capital flows, says Chainlink’s Nazarov

    May 15, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 103,912.00
    • ethereumEthereum (ETH) $ 2,572.77
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.41
    • bnbBNB (BNB) $ 656.79
    • solanaSolana (SOL) $ 172.07
    • usd-coinUSDC (USDC) $ 0.999808
    • dogecoinDogecoin (DOGE) $ 0.225262
    • cardanoCardano (ADA) $ 0.776149
    • tronTRON (TRX) $ 0.276325
    • staked-etherLido Staked Ether (STETH) $ 2,568.19
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,963.00
    • suiSui (SUI) $ 3.88
    • wrapped-stethWrapped stETH (WSTETH) $ 3,094.41
    • chainlinkChainlink (LINK) $ 16.21
    • avalanche-2Avalanche (AVAX) $ 23.87
    • stellarStellar (XLM) $ 0.295373
    • shiba-inuShiba Inu (SHIB) $ 0.000015
    • hyperliquidHyperliquid (HYPE) $ 26.57
    • hedera-hashgraphHedera (HBAR) $ 0.199958
    • leo-tokenLEO Token (LEO) $ 8.84
    • bitcoin-cashBitcoin Cash (BCH) $ 400.08
    • the-open-networkToncoin (TON) $ 3.09
    • litecoinLitecoin (LTC) $ 100.58
    • polkadotPolkadot (DOT) $ 4.84
    • usdsUSDS (USDS) $ 0.999697
    • wethWETH (WETH) $ 2,567.47
    • moneroMonero (XMR) $ 341.54
    • pi-networkPi Network (PI) $ 0.848961
    • wrapped-eethWrapped eETH (WEETH) $ 2,744.31
    • bitget-tokenBitget Token (BGB) $ 5.04
    • pepePepe (PEPE) $ 0.000013
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • ethena-usdeEthena USDe (USDE) $ 0.999820
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,924.00
    • whitebitWhiteBIT Coin (WBT) $ 30.25
    • bittensorBittensor (TAO) $ 438.15
    • uniswapUniswap (UNI) $ 6.30
    • daiDai (DAI) $ 1.00
    • nearNEAR Protocol (NEAR) $ 2.92
    • aaveAave (AAVE) $ 229.55
    • aptosAptos (APT) $ 5.37
    • okbOKB (OKB) $ 53.66
    • ondo-financeOndo (ONDO) $ 0.986762
    • kaspaKaspa (KAS) $ 0.118297
    • jito-staked-solJito Staked SOL (JITOSOL) $ 206.55
    • internet-computerInternet Computer (ICP) $ 5.49
    • ethereum-classicEthereum Classic (ETC) $ 19.16
    • crypto-com-chainCronos (CRO) $ 0.101002
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • bitcoinBitcoin (BTC) $ 103,912.00
    • ethereumEthereum (ETH) $ 2,572.77
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.41
    • bnbBNB (BNB) $ 656.79
    • solanaSolana (SOL) $ 172.07
    • usd-coinUSDC (USDC) $ 0.999808
    • dogecoinDogecoin (DOGE) $ 0.225262
    • cardanoCardano (ADA) $ 0.776149
    • tronTRON (TRX) $ 0.276325
    • staked-etherLido Staked Ether (STETH) $ 2,568.19
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,963.00
    • suiSui (SUI) $ 3.88
    • wrapped-stethWrapped stETH (WSTETH) $ 3,094.41
    • chainlinkChainlink (LINK) $ 16.21
    • avalanche-2Avalanche (AVAX) $ 23.87
    • stellarStellar (XLM) $ 0.295373
    • shiba-inuShiba Inu (SHIB) $ 0.000015
    • hyperliquidHyperliquid (HYPE) $ 26.57
    • hedera-hashgraphHedera (HBAR) $ 0.199958
    • leo-tokenLEO Token (LEO) $ 8.84
    • bitcoin-cashBitcoin Cash (BCH) $ 400.08
    • the-open-networkToncoin (TON) $ 3.09
    • litecoinLitecoin (LTC) $ 100.58
    • polkadotPolkadot (DOT) $ 4.84
    • usdsUSDS (USDS) $ 0.999697
    • wethWETH (WETH) $ 2,567.47
    • moneroMonero (XMR) $ 341.54
    • pi-networkPi Network (PI) $ 0.848961
    • wrapped-eethWrapped eETH (WEETH) $ 2,744.31
    • bitget-tokenBitget Token (BGB) $ 5.04
    • pepePepe (PEPE) $ 0.000013
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • ethena-usdeEthena USDe (USDE) $ 0.999820
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,924.00
    • whitebitWhiteBIT Coin (WBT) $ 30.25
    • bittensorBittensor (TAO) $ 438.15
    • uniswapUniswap (UNI) $ 6.30
    • daiDai (DAI) $ 1.00
    • nearNEAR Protocol (NEAR) $ 2.92
    • aaveAave (AAVE) $ 229.55
    • aptosAptos (APT) $ 5.37
    • okbOKB (OKB) $ 53.66
    • ondo-financeOndo (ONDO) $ 0.986762
    • kaspaKaspa (KAS) $ 0.118297
    • jito-staked-solJito Staked SOL (JITOSOL) $ 206.55
    • internet-computerInternet Computer (ICP) $ 5.49
    • ethereum-classicEthereum Classic (ETC) $ 19.16
    • crypto-com-chainCronos (CRO) $ 0.101002
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00