Cardano has made the announcement that it will be releasing a software toolkit at the end of this month. This toolkit will provide software developers with the ability to install custom-built side chains on the network in order to improve the ecosystem of Cardano.
The toolkit was shown by the developers at Input Output Global (IOG) by means of the construction of a sidechain public testnet that was compatible with the Ethereum Virtual Machine (EVM). This accomplishment served as a “proof of concept.”
Following the completion of the audit, anybody will have the ability to construct decentralized apps, create smart contracts, and move coins across testing chains. In addition to more abilities that are application-specific, the toolkit will provide developers of sidechains the ability to choose the consensus process that they want to use for their chains.
“Developers can use the toolkit to create blockchains for specific use cases based on Cardano’s security and decentralization. Blockchains created this way can leverage the support of the existing SPO community, and benefit from the enthusiastic community of Cardano followers.”
The roadmap indicates that as part of the Basho phase, the protocol will soon incorporate parallel accounting methods in addition to sidechain modifications in order to improve interoperability within the Cardano ecosystem.
Although it is possible that the introduction of the toolkit did not have a direct role in the most recent rally, the news has certainly piqued the interest of enthusiasts. ADA is now in the green and has been one of the assets with the greatest performance over the previous week.
Its value has increased by about 3% in the previous twenty-four hours and by 23.3% in the past seven days and is now $0.332162.