Ethereum
Cardano strengthens its connectivity with Ethereum
Alex Dovbnya
The IBC protocol is a revolutionary element in the blockchain space 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 build Ethereum Virtual Machine (EVM)-based applications on the Cardano sidechain.
The standardized protocol, originally introduced in 2019 by Cosmos Network, allows multiple heterogeneous blockchains to be linked by sending information through special channels. Data can be easily transferred by blockchain with different consensus mechanisms. No direct communication between them is required to ensure the validity of certain information.
With CardanFor 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 seed 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 (CCI).
It has already participated in the ICC elections, placing the Cardano Atlantic Council at the top of its ranking. When voting for candidates, it considers factors such as level of engagement, technical expertise, transparency, etc.
However, the foundation has faced pushback from some community members who feel it has had to 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 Dovbnya
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 media. He is particularly interested in regulatory trends across the world that are shaping the future of digital assets. He can be contacted at alex.dovbnya@u.today.