Cardano - Going EVM to expand aggressively
‘Cardano Will Be a Top EVM Chain Next Month’
Cardano users are soon expected to be able to access Ethereum Virtual Machine (EVM) contracts straight from their Cardano (ADA) wallets, increasing the network’s value for users and developers.
An Ethereum Virtual Machine (EVM) is a runtime environment for executing smart contracts on the Ethereum blockchain. It functions as a decentralized virtual computer that developers can use to create decentralized applications (dApps) and deploy smart contracts. The EVM ensures the security and isolation of smart contracts from the broader Ethereum network while enabling the execution of contract code.
EVM is designed to be both blockchain-agnostic and language-agnostic, meaning that it can potentially be implemented on other blockchains, and developers can use various programming languages to write smart contracts. However, Solidity is the most widely used language for coding Ethereum smart contracts.
, the new feature will support transactions using pure ADA and will expand Cardano’s user base, elevating its status among EVM chains. Furthermore, Cardano is set to become the largest EVM chain with fully operational staking rewards. developers who build on Cardano’s EVM layer can look forward to automatic payments every five days.
The new feature will permit Ethereum application developers to build on the Cardano network using Solidity, the programming language employed for coding Ethereum, without installing new toolkits or learning a different language. Consequently, these applications can exclusively use $ADA tokens rather than $ETH, enhancing utility for $ADA token holders.
Looks like a good move from ADA as it can potentially canibalize some of Ethereum's pie.
One Love,
The FXPROFESSOR
PS. The chart offers you are key levels of S/R:
0.3795 is support
0.469 and 0.519 are targets we see in the very near future.
Cardano users are soon expected to be able to access Ethereum Virtual Machine (EVM) contracts straight from their Cardano (ADA) wallets, increasing the network’s value for users and developers.
An Ethereum Virtual Machine (EVM) is a runtime environment for executing smart contracts on the Ethereum blockchain. It functions as a decentralized virtual computer that developers can use to create decentralized applications (dApps) and deploy smart contracts. The EVM ensures the security and isolation of smart contracts from the broader Ethereum network while enabling the execution of contract code.
EVM is designed to be both blockchain-agnostic and language-agnostic, meaning that it can potentially be implemented on other blockchains, and developers can use various programming languages to write smart contracts. However, Solidity is the most widely used language for coding Ethereum smart contracts.
, the new feature will support transactions using pure ADA and will expand Cardano’s user base, elevating its status among EVM chains. Furthermore, Cardano is set to become the largest EVM chain with fully operational staking rewards. developers who build on Cardano’s EVM layer can look forward to automatic payments every five days.
The new feature will permit Ethereum application developers to build on the Cardano network using Solidity, the programming language employed for coding Ethereum, without installing new toolkits or learning a different language. Consequently, these applications can exclusively use $ADA tokens rather than $ETH, enhancing utility for $ADA token holders.
Looks like a good move from ADA as it can potentially canibalize some of Ethereum's pie.
One Love,
The FXPROFESSOR
PS. The chart offers you are key levels of S/R:
0.3795 is support
0.469 and 0.519 are targets we see in the very near future.
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