Rocket ICO Giving you a better way to make your decisions and enjoy the process of ICO backing

  • Lydian ICO
  • Markets
Latest News
  • Germany’s Deutsche Telekom set to become a Polygon validator   |   04 Jun 2023

  • Crypto.com completes its licensing process in Singapore   |   03 Jun 2023

  • Ethereum gas fee sinks close to 70% in under a month   |   03 Jun 2023

  • Circle set to launch USDC natively on Arbitrum   |   03 Jun 2023

  • TRX is live on Ethereum via BitTorrent Bridge   |   02 Jun 2023

  • MakerDAO votes to drop Pax Dollar (USDP) stablecoin from its reserves   |   02 Jun 2023

 
Home» Markets»ADA price shoots by more than 8% today

ADA price shoots by more than 8% today

rocketman 15 Jun 2022 Markets Comments Off on ADA price shoots by more than 8% today 246 Views

Cardano (ADA), is rising above the general crypto market trend. It is currently up by more that 8%. The price hike is pegged on Cardano’s deployment of Ethereum Virtual Machine (EVM) on its testnet.

ADA traded at $0.494 as of the writing; an 8.37% increase over the previous 24 hours.

IOHK, the company behind Cardano, announced the launch on its testnet of the Ethereum Virtual Machine (EVM), however they didn’t say if it would soon be available on its mainnet.

EVM, a decentralized computation engine, allows different smart contracts interconnect with each other.

According to the IOHK tweet the initiative will allow developers build solidity-based applications on Cardano and also enable other dApps that are built on Ethereum to be easily transferred to Cardano.

We’re releasing the Ethereum Virtual Machine (EVM) sidechain alpha! (Now available on testnet.

Create your Solidity-based Applications on #Cardano – a decentralized, permissionless, sustainable blockchain.

Future is interoperable pic.twitter.com/sCK9XIuFll

— Input Output (@InputOutputHK) June 12, 2022

Blockchains are interoperable in the future

Input-Output Global (IOG) senior content editor, Eric Czuleger, claimed that the community believes in “an interoperable future” where different blockchains will be able to communicate with each other.

We believe in an interoperable world built on multiple blockchains.

That’s why we’re releasing the Ethereum Virtual Machine (EVM) sidechain alpha!

We are happy to receive your #EthereumCommunity of developers & users to freely engage with what’s best #Cardanohas to offer. pic.twitter.com/L56ArPZ4bA

— Input Output (@InputOutputHK) June 11, 2022

Czuleger saw this as an opportunity to increase the Cardano community’s user base without increasing the complexity of the mainnet.

A lot of layer-one blockchains are growing and have demonstrated the importance of cross-chain communications. Avalanche and Fantom, the main Ethereum competitors, have EVM-compatible networks.

In a blog post titled “Interoperability is key to blockchain growth” that was published weeks before Cardano launched the EVM sidechain, IGO noted that the sidechain will also allow developers to build compatible ERC-20 tokens for users to enjoy faster settlement times and lower fees.

It was also mentioned that Milkomeda (a sidechain protocol supporting Cardano) will allow EVM compatible with smart contracts on its C1 sidechain. This sidechain is linked to the Cardano mainchain. The sidechain goal is to improve interoperability between Cardano as well as other blockchains such Solana before year’s end.

ADA price shoots today 2022-06-15
Tags ADA price shoots today
Facebook Twitter Stumble linkedin Pinterest More

Authors

Posted by : rocketman
Previous Article :

Cardano soars, Bitcoin down 25% in 7 days

Next Article :

90% of respondents plan to buy crypto in 2022, says BofA

Related Articles

Germany’s Deutsche Telekom set to become a Polygon validator

Germany’s Deutsche Telekom set to become a Polygon validator

rocketman 04 Jun 2023
Crypto.com completes its licensing process in Singapore

Crypto.com completes its licensing process in Singapore

rocketman 03 Jun 2023
Ethereum gas fee sinks close to 70% in under a month

Ethereum gas fee sinks close to 70% in under a month

rocketman 03 Jun 2023

ABOUT ME

lourari bra

lourari bra

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus pulvinar eros id diam gravida, id pharetra ligula cursus. Sed dapibus lectus augue, non volutpat lorem porttitor vel.

Popular Posts

Germany’s Deutsche Telekom set to become a Polygon validator
Markets

Germany’s Deutsche Telekom set to become a Polygon validator

rocketman 04 Jun 2023
Bitcoin Profit Review 2021: Is It a Scam Or Legit?
Reviews

Bitcoin Profit Review 2021: Is It a Scam Or Legit?

rocketman 22 Jul 2021
Yuan Pay Group review 2021 – Is it a Scam or Legit?
Reviews

Yuan Pay Group review 2021 – Is it a Scam or Legit?

rocketman 26 Jul 2021
Immediate Bitcoin Review: Does it work?
Reviews

Immediate Bitcoin Review: Does it work?

rocketman 27 Jul 2021
Bitcoin Era Review: Is this a scam?
Reviews

Bitcoin Era Review: Is this a scam?

rocketman 27 Jul 2021

Advertisement

Recent Posts

  • Germany’s Deutsche Telekom set to become a Polygon validator

    Germany’s Deutsche Telekom set to become a Polygon validator

    rocketman 04 Jun 2023
  • Crypto.com completes its licensing process in Singapore

    Crypto.com completes its licensing process in Singapore

    rocketman 03 Jun 2023
  • Ethereum gas fee sinks close to 70% in under a month

    Ethereum gas fee sinks close to 70% in under a month

    rocketman 03 Jun 2023
  • Circle set to launch USDC natively on Arbitrum

    Circle set to launch USDC natively on Arbitrum

    rocketman 03 Jun 2023
  • TRX is live on Ethereum via BitTorrent Bridge

    TRX is live on Ethereum via BitTorrent Bridge

    rocketman 02 Jun 2023

htmagazine
About HTmagazine was created in 2015 , and covers the intersection of Technology, Lifestyle, Business, Entertainment, and Culture.

Follow us

Newslater

Those an equal point no years do. Depend warmth fat but her but played. Shy and subjects wondered

Random Posts

Germany’s Deutsche Telekom set to become a Polygon validator

Germany’s Deutsche Telekom set to become a Polygon validator

Crypto.com completes its licensing process in Singapore

Crypto.com completes its licensing process in Singapore

Ethereum gas fee sinks close to 70% in under a month

Ethereum gas fee sinks close to 70% in under a month

Circle set to launch USDC natively on Arbitrum

Circle set to launch USDC natively on Arbitrum

TRX is live on Ethereum via BitTorrent Bridge

TRX is live on Ethereum via BitTorrent Bridge

Tags

Binance Bitcoin BTC buy CEO crypto cryptos heres launches market places price today token top
© Copyright 2021, All Rights Reserved