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Cardano Development Team Announces Sidechain Toolkit for Devs

IOG will launch the software toolkit in late January 2023.The toolkit will allow developers to build custom sidechains for Cardano.IOG expects this sidechain development will...
Cardano Development Team Announces Sidechain Toolkit for Devs Cardano Development Team Announces Sidechain Toolkit for Devs
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  • IOG will launch the software toolkit in late January 2023.
  • The toolkit will allow developers to build custom sidechains for Cardano.
  • IOG expects this sidechain development will boost mass adoption.

Input Output Global (IOG), the team behind Cardano’s ecosystem, plans to release a software toolkit in late January 2023 to allow developers to implement independently developed sidechains on Cardano to enhance its ecosystem. IOHK (now IOG), a blockchain development firm created by Charles Hoskinson, announced the initial technical documentation for the sidechain toolkit on January 12.

A sidechain is a separate blockchain network that operates in tandem with the main network. The mainnet, which typically promotes decentralization and security, is frequently made more scalable with the addition of sidechains.

As a “proof of concept,” IOG developers have already utilized the toolkit to build a public testnet for a sidechain compatible with Ethereum Virtual Machine (EVM). Furthermore, Once the audit is complete, anybody can install DApps, create smart contracts, and move tokens across testnets. In addition to other use-case-specific capabilities, the toolkit will allow sidechain developers to pick their preferred consensus process.

IOG “hopes to see a family of Cardano sidechains and partner chains emerging” and believes that the development of sidechain ...

The post Cardano Development Team Announces Sidechain Toolkit for Devs appeared first on Coin Edition.

See original on CoinEdition

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30-09-2023 02:33:45 (UTC+7)

EUR/USD

1.0574

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EUR/USD

1.0574

+0.0015 (+0.14%)

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GBP/USD

1.2202

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USD/JPY

149.43

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AUD/USD

0.6432

+0.0009 (+0.14%)

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USD/CAD

1.3570

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↑ Buy

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EUR/JPY

158.00

+0.25 (+0.16%)

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EUR/CHF

0.9683

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22.407

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    EUR/USD 1.0574 Buy  
    GBP/USD 1.2202 ↑ Buy  
    USD/JPY 149.43 ↑ Sell  
    AUD/USD 0.6432 ↑ Sell  
    USD/CAD 1.3570 ↑ Buy  
    EUR/JPY 158.00 ↑ Buy  
    EUR/CHF 0.9683 ↑ Buy  
    Gold 1,865.30 Neutral  
    Silver 22.407 Sell  
    Copper 3.7317 Neutral  
    Crude Oil WTI 91.05 ↑ Buy  
    Brent Oil 92.41 ↑ Buy  
    Natural Gas 2.933 ↑ Buy  
    US Coffee C 145.23 ↑ Sell  
    Euro Stoxx 50 4,173.35 ↑ Sell  
    S&P 500 4,286.46 ↑ Sell  
    DAX 15,386.58 ↑ Sell  
    FTSE 100 7,608.08 ↑ Sell  
    Hang Seng 17,822.00 Buy  
    Small Cap 2000 1,781.10 ↑ Sell  
    IBEX 35 9,428.00 ↑ Sell  
    BASF 42.950 ↑ Sell  
    Bayer 45.45 ↑ Sell  
    Allianz 225.70 Sell  
    Adidas 166.62 ↑ Sell  
    Lufthansa 7.506 Neutral  
    Siemens AG 135.66 ↑ Sell  
    Deutsche Bank AG 10.450 ↑ Sell  
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