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News

ADA Wallets Set To Empower Cardano Users With Ethereum dApps

March 31, 2023 - Around 2 mins mins to read

Key Points:

  • Cardano’s upcoming feature on Milkomeda will allow users to access Ethereum Virtual Machine (EVM) contracts expanding the network’s utility for developers and users.
  • Staking rewards will be enabled soon for all EVM users including smart contract developers, which incentivizes contributions to the Cardano network.
  • Ethereum application developers can build dapps and DeFi applications on Cardano’s network without the need for a new language or toolkits. This means apps can be used with cardano tokens increasing their utility for holders.
An upcoming feature on Milkomeda is set to revolutionize the way Cardano users access Ethereum Virtual Machine (EVM) contracts.
ADA Wallets Set To Empower Cardano Users With Ethereum dApps

This feature will allow ADA users to access EVM contracts directly from any ADA wallet, which will expand the network’s utility for developers and users alike. Milkomeda is a network that connects blockchains such as Cardano and Algorand to EVM contracts, thereby enhancing the interoperability of different blockchain networks.

In a recent tweet, Sebastien Guillemot, CEO of Milkomeda, announced that staking rewards for all EVM users, including smart contract developers, will be enabled soon. This development is a major win for developers and users who will be able to earn rewards for their contributions to the Cardano network.

Moreover, this feature will allow Ethereum application developers to build dapps and decentralized finance (DeFi) applications on ADA’s network using Solidity. Solidity is the computer language used to code Ethereum, and with this feature, developers will not need to install new toolkits or learn a new language. This means that applications can be used with Cardano tokens instead of ether, which increases their utility for holders.

This upcoming feature on Milkomeda is a game-changer for the blockchain industry. It enhances interoperability between blockchain networks and expands the utility of the ADA network for developers and users. With the ability to access EVM contracts directly from any Cardano wallet and earn staking rewards, developers and users have a lot to look forward to.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

ADA network

ADA wallet

Cardano

Cardano users

Ethereum dApps

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

ADA Wallets Set To Empower Cardano Users With Ethereum dApps

Key Points:

  • Cardano’s upcoming feature on Milkomeda will allow users to access Ethereum Virtual Machine (EVM) contracts expanding the network’s utility for developers and users.
  • Staking rewards will be enabled soon for all EVM users including smart contract developers, which incentivizes contributions to the Cardano network.
  • Ethereum application developers can build dapps and DeFi applications on Cardano’s network without the need for a new language or toolkits. This means apps can be used with cardano tokens increasing their utility for holders.
An upcoming feature on Milkomeda is set to revolutionize the way Cardano users access Ethereum Virtual Machine (EVM) contracts.
ADA Wallets Set To Empower Cardano Users With Ethereum dApps

This feature will allow ADA users to access EVM contracts directly from any ADA wallet, which will expand the network’s utility for developers and users alike. Milkomeda is a network that connects blockchains such as Cardano and Algorand to EVM contracts, thereby enhancing the interoperability of different blockchain networks.

In a recent tweet, Sebastien Guillemot, CEO of Milkomeda, announced that staking rewards for all EVM users, including smart contract developers, will be enabled soon. This development is a major win for developers and users who will be able to earn rewards for their contributions to the Cardano network.

Moreover, this feature will allow Ethereum application developers to build dapps and decentralized finance (DeFi) applications on ADA’s network using Solidity. Solidity is the computer language used to code Ethereum, and with this feature, developers will not need to install new toolkits or learn a new language. This means that applications can be used with Cardano tokens instead of ether, which increases their utility for holders.

This upcoming feature on Milkomeda is a game-changer for the blockchain industry. It enhances interoperability between blockchain networks and expands the utility of the ADA network for developers and users. With the ability to access EVM contracts directly from any Cardano wallet and earn staking rewards, developers and users have a lot to look forward to.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News