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Cardano users to access Ethereum Virtual Machine contracts with any ADA wallet

Cardano

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  • Users of Cardano will soon be able to access Ethereum Virtual Machine (EVM) contracts using any ADA wallet, thanks to a new feature on Milkomeda.
  • Ethereum users will be able to enjoy the same benefits of developing and deploying applications on Cardano’s network without having to switch blockchains.

Users of Cardano will soon be able to access Ethereum Virtual Machine (EVM) contracts using any ADA wallet, thanks to a new feature on Milkomeda. Milkomeda is a network that connects different blockchains, such as Cardano and Algorand with EVM contracts. According to CEO Sebastien Guillemot of Milkomeda, the upcoming feature will allow all Cardano users to access EVM contracts from any Cardano wallet. This is a major development for both developers and users that can expand the utility of the network.

Cardano users will soon be able to access Ethereum Virtual Machine (EVM) contracts by leveraging the upcoming feature on Milkomeda, a network that interlinks Cardano and Algorand with EVM contracts. Sebastien Guillemot, CEO of Milkomeda, announced late Thursday: “Milkomeda’s new feature will provide every Cardano user with the ability to use EVM contracts directly from any Cardano wallet.” This is a major development that will expand the network’s utility for developers and users alike.

Guillemot announced Milkomeda is soon enabling staking rewards for all Ethereum Virtual Machine (EVM) users including smart contract developers. Staking rewards from Cardano products developed on Milkomeda will be paid out automatically every five days. This new feature will provide Ethereum application developers with an opportunity to build and deploy their dapps and decentralized finance (DeFi) applications on Cardano’s network using Solidity – the same programming language used for Ethereum – without needing to learn a new language or install any special toolkits.

Furthermore, Ethereum users will be able to enjoy the same benefits of developing and deploying applications on Cardano’s network without having to switch blockchains. This is expected to open up a new wave of developers who may have been hesitant about making the switch due to the associated learning curve.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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