Cardano’s Milkomeda sidechain, which has been working for nearly two months now, may one day become a roll-up to Cardano’s main chain, according to Cardano Insights.
As Cardano blockchain explorer proposes, Milkomeda has processed more than 5 million transactions since its release, or roughly 100,000 transactions daily. Despite such a large flow of transactions, users are not facing any issues with transaction costs or network congestion. The average cost of a transaction is USD 0.001.
Read Also: Bitcoin Pizza Day replay: A admiration of mysterious and wonderful BTC purchases
Presently, Milkomeda supports wrapped tokens through two bridges: Celer and Nomad.
Traders can use stablecoins like USDT and USDC and cryptocurrencies like AVAX, BNB, and ETH, besides a variety of Ethereum-based tokens.
In terms of security, the platform offers better and cheaper solutions compared to sidechains like BSC thanks to trusted operators on Cardano who run the network. As Insights Cardano suggests, any explicit activity by operators would cause an immediate loss of delegator spots on L1.
Read Also: Bitcoin Regains $5k While The Cardano And Polkadot Spikes by 25%: Bullish Market
Milkomeda was released on the Cardano network first with Solana support planned for the future. The project delivers roll-up tech for L1 ecosystems like Cardano and offers the building of cross-chain decentralized applications with Solidity, the most popular smart contracts language in the industry.
[…] Read Also: Cardano’s Sidechain Milkomeda Could Become Network’s ZkRollup […]
[…] Fonte: Reddit Autor LivingSam – Post Original […]
[…] and users who wish to bridge their USDC from the Ethereum blockchain to Cardano can now do so through Milkomeda. The user bridges Ethereum-based USDC to Milkomeda and then transfers it to Cardano as Cardano […]
[…] Ethereum CEO, Vitalik Buterin was talking about the ZK rollup launched by Polygon. He highlighted the distinction of zk rollup as compared to optimism rollups in […]