Cardano is on its way to becoming a top chain compatible with the Ethereum Virtual Machine after the impending introduction of a new feature that will allow users to seamlessly use an EVM contract directly from any ADA wallet.
Cardano Looks To Become Largest EVM Chain
The team behind the Cardano ecosystem will release a killer innovation making ADA a top EVM chain by next month. The news was announced on Thursday by leading blockchain developer and Milkomeda co-founder, Sebastien Guillemot.
The new functionality on Milkomeda will allow users to interact with dApps and other smart contract services on the Ethereum Virtual Machine contracts without exiting the Cardano ecosystem. This further means that Ethereum developers will be able to build on the Cardano network, coding in Ethereum’s native Solidity programming language. Moreover, the transactions and operations on these EVM contracts will be conducted using ADA instead of ether, further boosting the asset’s utility for developers and users.
Milkomeda will also support staking for all EVM users, including smart contract developers, who will automatically receive rewards every five days for building on the Cardano EVM-compatible sidechain.
Guillemot also highlighted the surging activity on Milkomeda related to the adoption of the blockchain gaming innovation, the Paima engine. According to him, this could potentially turn Cardano into a powerhouse for on-chain gaming in the future.
Cardano Community Pumped
The news of the forthcoming feature on Milkomeda has Cardano fans pumped, with one community member saying they “don’t think people realize how big this is. Literally 99% of web3 devs work with EVM and Solidity. This just opened the doors to them.”
Another member of the Cardano fanbase called the imminent feature “groundbreaking” as it will increase the TVL of the ADA ecosystem as well as the transaction count on Cardano.
While the majority are excited about this development, some are unhappy with it. For one user, for instance, this means Cardano’s only chance of becoming successful is by integrating Ethereum’s architecture. In other words, Cardano will become a defacto ERC-20 token.
The price of Cardano’s token, ADA, at press time was $0.40, up 7.02% over the past 24 hours.