Milkomeda is a sidechain project based on the Cardano which is also smart contract enabled. At present, the protocol is working on a new upgrade that can make Cardano the biggest EVM-compliant blockchain.
With these new changes, the users of the Cardano blockchain will be able to send any EVM contract directly from their native wallet addresses. In this manner, Cardano will be on its way to becoming the largest EVM-compliant blockchain in the entire DeFi space.
Sebastien Guillemot is the co-founder of Milkomeda protocol. He has recently made the declaration official for this upgrade to launch in the next month this year. With the introduction of this update, the Cardano wallet account holders will be able to deploy any EVM contract from their local addresses without going out of the ADA ecosystem.
To this end, Guillemot who is also the head developer of the project has announced that it will transition the Cardano blockchain into the largest EVM blockchain.
New Staking Ability
The protocol has also made some changes to offer staking options for its consumers. With this new staking ability not only ADA investors but the developers will also gain access to the smart contracts that are used for EVM contracts.
In this manner, Cardano will not only become the largest EVM-based blockchain but will also have staking compatibility as an additional feature. Guillemot has extended an invitation to all the developers who wish to work on the new EVM layer.
These new developers will be able to earn rewards once they join for five days. He has said that the staking rewards will be granted to all EVM users on the network including the developers who have created these smart contracts.
He also confirmed that the stakeholders will be able to collect their yields after every five days and it will be an automatic EVM layer built in the Cardano blockchain.
Some Cardano community members have expressed their concerns regarding these updates. They have worries that it will take away the uniqueness and individuality of the Cardano blockchain.
In addition to the Milkomeda upgrade, the Cardano blockchain is also bringing another upgrade that will make it Ethereum Virtual Machine or EVM contracts. This type of ecosystem means that the users on the network will be able to access Ethereum-based wallets and smart contracts and operate in the form of a mutual computer for authoring smart contracts.
It means that the devs will now be able to create new projects on the blockchain that are very much like the Ethereum blockchain. Another additional feature for decentralized application devs is that they will be able to create new projects on Cardano using the Solidity language.
This language is used in the core structure of the Ethereum blockchain. This new language is used with ADA rather than Ether which will bring more utility to the native cryptocurrency.
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