Cardano Ethereum-Compatible Sidechain Receives New Deployment

Blockchain

Milkomeda, a Layer 2 protocol that brings EVM capabilities to non-EVM blockchains, has introduced the information of a significant deployment to the Cardano Ethereum-compatible sidechain, Milkomeda C1.

In accordance with it, the most recent bridge contract, v5 on mainnet C1, was simply efficiently deployed. It notes that this is without doubt one of the most essential steps towards the upcoming Milkomeda C1 v2 launch.

The latest bridge contract v5 on mainnet C1 was simply efficiently deployed 🎉

Congrats to the group and the validators

This is without doubt one of the most essential steps in direction of Milkomeda C1 v2!

Extra data about what’s v2 right here 👇

— Milkomeda (there isn’t any token) (@Milkomeda_com) Could 19, 2023

Milkomeda C1 continues its transition course of in direction of v2. In an replace yesterday, Milkomeda famous that bridge validators have began a deliberate replace of their bridging software program.

The Milkomeda V2 launch will embody options resembling wrapped good contracts, liquid staking, an aggregator with a rescue treasury for customers and new validator software program, which may even see the launch of a number of dApps.

In March final yr, the Milkomeda Basis unveiled Milkomeda C1, which permits Ethereum dApps to be deployed within the Cardano ecosystem.

Months later, Milkomeda has achieved notable success, processing thousands and thousands of transactions. As famous by the group, the problem stays that a number of the tooling isn’t pleasant sufficient for operators. This spurred the choice as regards the Milkomeda V2 launch.

Final month, Djed noticed its deployment on the Milkomeda C1 aspect chain. The deployment additionally makes Djed the primary algorithmic stablecoin on Milkomeda C1.

Paima Studios, constructed on prime of Milkomeda C1, launched a novel Layer 2 for on-chain video games referred to as Paima Engine, permitting Cardano customers to play any blockchain-based sport while not having to bridge tokens to a different community.