Cardano launches EVM compatible side chain kit

On March 6, the development company behind Cardano, Input Output Global (IOG), announced the launch of the customized EVM compatible side chain toolkit. At present, the proof-of-concept version has been launched on the test network. The toolkit consists of three core components, namely, Mainmain Plutus script (supporting secure cross-chain transactions and token movement), on-chain tracker (tracking the main chain data and events of the management side chain) In the side chain module (explaining the main chain data and implementing the necessary ledger adjustment), developers will be able to build a customized side chain for Cardano, and then support more functions and scalability on the chain. （Micky）

Interpretation of this information:

The message from March 6th by Input Output Global (IOG) about the launch of a customized EVM compatible side chain toolkit is significant for the Cardano blockchain ecosystem. The toolkit consists of three components that developers can use to build a customized side chain for Cardano, thereby expanding its functionalities and scalability.

The first of the three components is Mainmain Plutus script, which supports secure cross-chain transactions and token movement. This component ensures that transactions between the main chain and side chain are executed securely, without risking the integrity of either blockchain. In other words, this feature will allow developers to build new applications that can interact with both the Cardano main chain and side chains while still maintaining the security of both.

The second component of the toolkit is the on-chain tracker, which tracks the main chain data and events of the management side chain. This feature ensures that the side chain can remain updated on the flow of data on the main chain in real-time. This will be useful for developers building applications that require up-to-date information from the main chain, such as prediction markets or decentralized exchanges.

The final component is the side chain module, which is responsible for explaining the main chain data and allowing for necessary ledger adjustments. Essentially, this feature ensures that developers do not need in-depth knowledge of the Cardano main chain to build applications on the side chain. This will enable developers to focus exclusively on building applications that advance Cardano’s ecosystem in innovative ways.

IOG’s decision to release this toolkit demonstrates their commitment to improving the Cardano ecosystem by empowering developers to build customized side chains. The toolkit’s features make it easier for developers to create new applications on the blockchain that can interact with both the main chain and side chains. This development is critical for the progress of the Cardano blockchain as it encourages innovation and increases its active user base.

Moreover, the release of the toolkit on the test network shows that IOG values user testing and feedback, ensuring that the launch of the final product will be seamless. This demonstrates the organization’s commitment to improving the user experience for developers and users alike.

Overall, the launch of the EVM compatible side chain toolkit shows plenty of promise for the Cardano blockchain ecosystem. The components of this toolkit provide developers with the tools to build robust applications with a high degree of security, scalability, and functionality. We can expect more innovative applications to be launched once developers begin building on customized side chains.