The Future of Cardano: The Ability to Use EVM Contracts Directly From Any Cardano Wallet

According to reports, Sebastien Guillemot, CEO of Milkomeda, the L2 network protocol that provides EVM functionality for non EVM compatible chains, said that a feature would soon be introduced that allows Cardano users to use EVM contracts directly from any Cardano wallet. Mikomeda will soon provide pledge rewards to all EVM users, including smart contract developers. The pledge rewards for Cardano products built by Mikomeda will be automatically paid every 5 days.

The L2 protocol, Milkomeda, will allow users to use EVM contracts directly from any Cardano wallet

With the rise of blockchain technology, the ability to use smart contract functionality has become increasingly important. However, not all blockchain networks have this capability, including Cardano. That is about to change, as a new feature is set to be introduced that will allow Cardano users to use EVM contracts directly from any Cardano wallet. This article explores the impact of this new feature on the Cardano network, as well as the benefits it offers to both developers and users.

What is the EVM?

To understand the significance of this new feature for Cardano, it’s important to first understand what the EVM is. The EVM, or Ethereum Virtual Machine, is the runtime environment for smart contracts in the Ethereum network. It provides a virtual machine capable of executing smart contract code, and determines the gas needed for each operation. This functionality has made Ethereum one of the most popular blockchain networks for developers looking to create decentralized apps (dapps).

Milkomeda and EVM Functionality for Non-EVM Compatible Chains

Milkomeda is a Layer 2 network protocol that provides EVM functionality for non-EVM compatible chains. This means that any blockchain network can integrate with Milkomeda to enable smart contract functionality. By doing so, these chains can tap into the huge developer community and infrastructure of Ethereum, without having to be fully compatible with the Ethereum network.

The Benefits of Using EVM Contracts on Cardano

Bringing EVM functionality to Cardano offers numerous benefits. First and foremost, it allows developers to create decentralized apps on the Cardano network using the same programming language and tools as they do on Ethereum. This eliminates the need to learn a new language or technology stack, making it easier for developers to build applications.
Secondly, it provides users with access to a wider range of apps and services. Rather than being limited to what is available on the Cardano network, they can now use dapps built on Ethereum and other EVM-compatible chains directly from their Cardano wallet.

Milkomeda Pledge Rewards for EVM Users

In addition to enabling EVM functionality on Cardano, Milkomeda is also providing pledge rewards to all EVM users, including smart contract developers. These pledge rewards are paid in the form of native tokens on the Milkomeda network, and are automatically paid every 5 days.
For Cardano products built by Milkomeda, the pledge rewards will be automatically paid to the developers. This incentivizes them to continue building on Cardano, and helps to grow the ecosystem.

Conclusion

The ability to use EVM contracts directly from any Cardano wallet is a game-changer for the Cardano network. It provides developers with access to a wider range of tools and infrastructure, and allows users to take advantage of the huge variety of dapps available on the Ethereum network. Milkomeda’s pledge rewards for EVM users, including Cardano developers, further incentivizes the growth of the ecosystem.

FAQs

1. When will this feature be available?
A: According to Sebastien Guillemot, CEO of Milkomeda, the feature will be introduced soon.
2. How will Milkomeda pay pledge rewards?
A: Milkomeda will pay pledge rewards in the form of native tokens on the network, automatically paid every 5 days.
3. Will this feature increase the adoption of Cardano?
A: Yes, by enabling EVM functionality, Cardano becomes more accessible to developers and users alike, helping to grow the ecosystem.