{"id":24764,"date":"2022-08-03T00:03:47","date_gmt":"2022-08-03T00:03:47","guid":{"rendered":"http:\/\/egrowonline.com\/?p=24764"},"modified":"2022-08-03T00:03:47","modified_gmt":"2022-08-03T00:03:47","slug":"cardanos-evm-compatible-sidechain-nears-100000-wallet-addresses-surpasses-7-5-million-transactions","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=24764","title":{"rendered":"Cardano’s EVM-Compatible Sidechain Nears 100,000 Wallet Addresses, Surpasses 7.5 Million Transactions"},"content":{"rendered":"


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Cardano ($ADA) has seen Milkomeda C1, its Ethereum Virtual Machine-compatible sidechain which enables Ethereum decentralized applications to be deployed on the Cardano ecosystem, surpass the 7.5 million transaction mark as it nears 100,000 wallet addresses.<\/p>\n

According to an update shared by Nico Arqueros, CEO and co-founder of blockchain startup dcSpark and a core contributor to the Milkomeda Protocol the network is nearing 5 million blocks, and has included in these over 7.5 million transactions from nearly 100,000 wallets.<\/p>\n

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This is great for @Cardano<\/a> 🙌🏼 Milkomeda C1 continues to grow consistently making ADA more valuable<\/p>\n

Some of the current stats:<\/p>\n

\u2013 7,485,720 transactions
\u2013 96,026 wallets \u2014 we may break 100k wallets in August after the launch of the first game 👀<\/p>\n

Hope u are having great wknd ✌🏼 pic.twitter.com\/3TaGlnjI3R<\/a><\/p>\n

\u2014 nicoarq (@NicoArqueros) July 31, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

While Arqueros\u2019 numbers are slightly lower, looking at the Milkomeda network explorer<\/a> reveals the network has 97,077 addresses and has processed 7.715 million transactions, which have been included in 4.779 million blocks.<\/p>\n

The Milkomeda project allows EVM-compatible smart contracts to be executed from the Cardano mainnet. Furthermore, the Milkomeda project promises in future to deliver interoperability between Cardano and other layer one (\u201cL1)\u201d) blockchains, such as Solana.<\/p>\n

Cardano founder Charles Hoskinson has congratulated the dcSpark team on the project and even said the launch of Milkomeda C1 mainnet was a \u201cgreat moment for Cardano<\/a>.\u201d dcSpark was co-founded in April 2021 by Nicolas Arqueros, Sebastien Guillemot and Robert Kornacki.\u00a0<\/p>\n


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CEO Nicolas Arqueros is the ex-CTO of EMURGO (which does for Cardano the equivalent of what ConsenSys does for Ethereum). The basic idea is that Milkomeda will help L1 blockchains \u2014 such as Cardano, Solana, and Polkadot \u2014 that do not yet have the same kind of \u201crobust\u201d developer community and the same level of mass adoption as Ethereum by providing them with \u201cboth EVM-based sidechains and novel tech that provide seamless UX for both developers and general users.\u201d<\/p>\n

Milkomeda aims to solve this problem by \u201cbuilding out sidechains with alternative VMs connected to the L1 mainchains which use their cryptocurrency as their base asset\u201d. For instance, in the case of Cardano, what this means is that it will permit \u201csidechains to be deployed that connect directly to the mainchain and use wADA (wrapped ADA) as the asset to pay for transaction fees.\u201d<\/p>\n

The first L1 blockchain that Milkomeda is helping is Cardano. C1 is the name of the EVM-based sidechain that connects \u201cdirectly to Cardano\u201d; this is not only Milkomeda\u2019s first ever sidechain, but it is also the first sidechain to be built for Cardano.\u00a0<\/p>\n

As CryptoGlobe reported, Cardano\u2019s Vasil hard fork, which is expected to deliver a \u201cmassive\u201d performance improvement to the cryptocurrency\u2019s network, was\u00a0delayed by \u201ca few more weeks.\u201d<\/a><\/p>\n

The Vasil hard fork will involve four Cardano Improvement Proposals (CIPs). Investors have nevertheless been betting on it, with data from Coinbase\u2019s price pages showing that users of the Nasdaq-listed cryptocurrency exchange\u00a0have a typical ADA hold time of 153 days<\/a>, meaning that Cardano traders on the platform hold onto their assets for that long before \u201cselling it or sending it to another account or address.\u201d<\/p>\n

Image Credit<\/h2>\n

Featured image via\u00a0Unsplash<\/a><\/em><\/p>\n<\/p><\/div>\n


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Cardano ($ADA) has seen Milkomeda C1, its Ethereum Virtual Machine-compatible sidechain which enables Ethereum decentralized applications to be deployed on the Cardano ecosystem, surpass the 7.5 million transaction mark as it nears 100,000 wallet addresses. According to an update shared by Nico Arqueros, CEO and co-founder of blockchain startup dcSpark and a core contributor to […]<\/p>\n","protected":false},"author":1,"featured_media":24765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[1039,1264,10182,545,2276,5884,869,1766,1130],"class_list":["post-24764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-addresses","tag-cardanos","tag-evmcompatible","tag-million","tag-nears","tag-sidechain","tag-surpasses","tag-transactions","tag-wallet"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/08\/executium-4G_FiuG-z5k-unsplash-768x511.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24764"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24764\/revisions"}],"predecessor-version":[{"id":24766,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24764\/revisions\/24766"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/24765"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24764"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}