The Cardano ecosystem will expand with purpose-built sidechains – Cryptonium News

The Cardano ecosystem will expand with purpose-built sidechains

The team behind the Cardano ecosystem will release a software toolkit later this month that will allow developers to implement custom-built sidechains in Cardano to improve the ecosystem. The toolkit will allow sidechain authors to choose their own consensus mechanisms and other application-specific features while maintaining the security of the underlying chain.

The announcement was made on January 12 by Input Output Global (IOG), a blockchain development company founded by Charles Hoskinson and formerly known as Input Output Hong Kong (IOHK). The announcement included the official technical documentation for the sidechain toolkit.

IOG developers are using this toolkit to create a public test network compatible with the Ethereum Virtual Machine (EVM) as a proof of concept. Once the audit is complete, anyone will be able to deploy decentralized applications, create smart contracts, and move tokens between different test chains.