Ethereum
Cardano strengthens its connectivity with Ethereum
Alex Dovbnya
The IBC protocol is a game changer in blockchain because it allows complex blockchain ecosystems to interact with each other.
Read U.TODAY on
Google News
The Cardano Foundation, the nonprofit organization behind the popular proof-of-stake blockchain, has boosted the level of interoperability by integrating the Inter-Blockchain communication protocol.
The integration now makes it easier for developers to access Ethereum Virtual Machine (EVM)-based applications on the Cardano sidechain.
The standardized protocol, initially introduced in 2019 by Cosmos Network, allows connecting multiple heterogeneous blockchains by sending information through special channels. Data can be easily transferred through blockchains with different consensus mechanisms. No direct communication between them is required in order to ensure the validity of certain information.
With CardanoFor example, businesses that rely on the ICB protocol can still take advantage of the network’s deterministic fees and other benefits while working with other chains. “With the implementation of IBC on Cardano, businesses benefit from a framework to develop and deploy scalable, secure and interoperable blockchain solutions,” the foundation said.
A controversy over governance
In other news, the foundation recently caused some controversy with its voting decision earlier this week.
During a bootstrap phase, which will take place between the two stages of implementation of the hard fork, the foundation will become a member of an Interim Constitutional Committee (ICC).
The Cardano Atlantic Council has already participated in the ICC elections, placing the Cardano Atlantic Council at the top of its rankings. When voting for candidates, it considers factors such as level of engagement, technical expertise, transparency, etc.
However, the foundation has faced some resistance from some community members who believe it should exclude itself from the entire ICC voting process. “I think it’s wrong for the Cardano Foundation to put its thumb on the scale,” one user commented.
About the Author
Alex Dovbnia
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader, and journalist with extensive experience covering everything related to this booming industry, from price analysis to blockchain disruption. Alex has authored over 1,000 articles for U.Today, CryptoComes, and other fintech outlets. He is particularly interested in regulatory trends around the world that are shaping the future of digital assets. You can contact him at alex.dovbnya@u.today.