• The Cardano Ecosystem team is releasing a software toolkit to let developers build their own sidechains.
• The toolkit will enable developers to select their consensus process and deploy decentralized applications, create smart contracts and transfer tokens between testing chains.
• IOG developers have already used the toolkit to build an Ethereum Virtual Machine (EVM)-compatible sidechain public testnet.
The Cardano Ecosystem team is hard at work to bring exciting new features and tools to the blockchain space. This month, they are set to release a software toolkit that will give developers the power to build their own sidechains. This is a major step forward for the blockchain industry and will open up a whole new world of possibilities.
The toolkit will enable developers to select their own consensus process. This is important for developers who want to experiment with different consensus algorithms, such as proof of stake or proof of work. It will also enable them to deploy decentralized applications, create smart contracts, and transfer tokens between testing chains.
The official technical documentation for the sidechain toolkit has already been released and IOG developers have used it to create a proof of concept on a public testnet. This is a fully compatible Ethereum Virtual Machine (EVM) sidechain and once the audit is complete, developers will be able to start using it to deploy their applications and smart contracts.
In addition to its sidechain capabilities, the toolkit also includes a number of other application-specific features. These include the ability to create custom tokens, launch decentralized exchanges, and develop custom consensus protocols.
The release of the sidechain toolkit is a major step forward for the Cardano ecosystem and opens up a world of possibilities for developers. It will enable them to create their own custom sidechains and explore new use cases for blockchain technology. With this toolkit, developers will be able to take advantage of the power of sidechains to build more scalable and secure applications.
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