Cardano and Ethereum bridge testnet launches: Milkomeda
A bridge has been successfully launched between the second biggest cryptocurrency network with Cardano blockchain.
Cardano is a smart contract-enabled blockchain network. The founder of the Cardano project is Charles Hoskinson and he is also co-founder of the Ethereum blockchain network. He knows very well about all the limitations and power of the Ethereum blockchain network, using his experience to make Cardano a more likely alternative to the Ethereum network.
On 25 February, Milkomeda published its Medium blog and confirmed the successful launching of the Ethereum- Cardano blockchain Network bridge.
This tenet bridge between these two networks came into existence with the collaborative development work by Milkomeda and Nomad.
Milkomeda is known to work on the EVM and non-EVM network interoperability development works. Now the latest efforts will allow the transfer of assets between Cardano & Ethereum networks easily. However, all things took place on testnet but the Mainnet launch will allow the real user to transfer actual mannet based tokens.
In the future, Milkomeda will work on the bridge development between Cardano with Solana and another layer 1 network.
Cardano (ADA) to have scaling solution support
Right now the Cardano project is still in the initial phase of adoption. But recent activities in the blockchain Network of Cardano showed that the network is moving toward rapid adoption and this rapid adoption will result in a huge load on the network.
Recently the team of Orbis announced that it will give support to the Cardano Ecosystem-based Defi projects to give a better scaling solution.
The price action of ADAÂ
ADA is the native token of Cardano. The current price of ADA is $0.86 and this price is 8.5% high over the last 24 hours, as a part of the usual recovery from its latest correction because of Ukraine vs Russia’s geopolitical situation.
Cardano has a better developer team and is also doing its best against the challenges in the blockchain industry but still, the price of ADA coin is failing to achieve a significant pump. These things are hinting that Cardano is slowly working to achieve a better future.
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