May 3
How Milkomeda is helping Cardano
In astrophysics, the collision of the Andromeda–Milky Way is a merger of two galaxies with unknown possibilities and outcomes. Milkomeda is the merger of many ecosystems, the first being between Cardano and Ethereum, and the option to innovate is equally on the same galactic scale. How does this help, you may ask? Milkomeda, as a robust sidechain since its launch, has brought Ethereum dApp compatibility to Cardano and a broad set of tooling and developers to the Cardano network.
The benefits of such a merger are boundless. Still, this article will look at the innovations Milkomeda brings to Cardano, the influx of developers, and the importance of Milkomeda fitting into the island, the ocean, and the Pond Cardano theory. Many people think the Milkomeda protocol is similar to projects they have seen before. Still, Milkomeda will open the doors to interoperability between Cardano, Solana, and other L1 blockchains like never witnessed before.
What Milkomeda Brings to Cardano
As third-generation cryptocurrencies go, Cardano falls into that category. Cardano plans to solve many shortcomings the first and second cryptocurrencies have encountered, such as a lack of interoperability. Milkomeda’s ability to bridge Ethereum, a second-generation protocol, with Cardano ultimately will be a helpful conduit to branch out to other generations of cryptocurrencies over time. Milkomeda lets users build dApps like they are on Ethereum, only cheaper, better, and faster.
Layer 1 is the Cardano blockchain, which lacks some scalability and can get congested due to high transaction rates. A layer 2 solution is akin to building a detour on a busy highway to relieve that congestion. Milkomeda helps this scenario by creating a sidechain running parallel to the main chain. By running parallel, Milkomeda keeps costs down and increases speed through the C1 sidechain that can operate on Ethereum Virtual Machine. EVMs will give a great user experience via wrapped smart contracts. The wrapped smart contract, which is housed in Milkomeda’s protocol, allows users to move transactions on the sidechain without having to move to the sidechain itself.
This innovation instantly makes Cardano’s layer 1 chain much more efficient and robust, bringing a much-needed boost to the overall Cardano ecosystem. Both platforms like Bitcoin and Ethereum are plagued with scalability issues. This upgrade to layer 3 could put Cardano in a direct competitive advantage over other cryptocurrencies in the market for the Cardano community. This deployment will be entirely new chains with no overlap between them, but because Milkomeda is using EVM, which allows bridge partners that will give you access to Solana via Milkomeda S1 and Cardano via Milkomeda C1, but that is just the tip of the iceberg.
The island, the ocean, and the Pond Cardano theory
Around 2020, developers started asking the Cardano foundation when can dApps start being built on the protocol. The founder of Cardano Charles Hoskinson released a tweet on his Twitter account with the word Soon!. The concept was later elaborated in detail on Youtube by Charles; here is the breakdown and its connection to Milkomeda. The pond is alluding to Ethereum, and a very valuable pond but a pond nonetheless. Ethereum has a lot going on regarding blockchain development, but it is still considered minor in its ability to scale.
The ocean represents the big technology companies like Microsoft or Google, where they have a vast amount of libraries, tools, and innovation because a lot of developers working at these companies outnumber Solidity developers, for example. The island comes closer to what Cardano was meant to be. Cardano’s goal was to connect everyone with an interoperability philosophy so that the ocean, pond, and island could all be connected. Milkomeda makes these connections possible through its groundbreaking technologies. Yet, it is still very competitive in the arena running EVM support. Milkomeda offers developers from all these ecosystems to build on them proficiently.
Milkomeda has many cool things in the works for those in the know; it makes so much sense why it is next level. It is still a bit early to foresee how much Milkomeda will impact the dApps ecosystem, but this is why an article like this one is so important. We will keep you updated on everything dcSpark does to change sidechain technology for a more decentralized and scalable future.
Like what you just read? Please smash the 👏 button below to help others find it if you enjoyed this story! Feel free to leave a comment below.
If you enjoy reading stories like these and want to support me as a writer, consider signing up to become a Medium member. It’s $5 a month, giving you unlimited access to stories on Medium. If you sign up using my link, I’ll earn a small commission.
About The Author
Dawdu M. Amantanah is a technical writer and contributing editor for Bitcoin Magazine , BlackBitcoinBillionaire and Senior Editor for Satoshi’s Journal. He is passionate about cryptocurrency, economics, radical entrepreneurship, and whatever else he finds attractive at the time.
Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing
