Input Output Global (IOG), developer of the Cardano blockchain, has prepared a toolkit for building custom sidechains, allowing developers to create blockchains for specific use cases on their system. announced that it was
According to the IOG’s January 12th announcement, the toolkit will initially be available on a testnet (a blockchain that mimics real-world usage), with sidechains supporting Cardano’s security and decentralization, as well as existing cryptocurrencies. You can benefit from community support. A sidechain is another blockchain that runs independently of the main blockchain, built on top of it.
Cardano, along with Polkadot, offers this framework to allow developers to experiment with niche applications in a live environment without compromising the main network. Sidechains can increase transaction capacity and process more data without increasing the risk of network downtime.
The IOG cites the purpose of the toolkit as expanding Cardano’s capabilities by increasing extensibility and scalability without compromising the stability and security of the mainchain. The toolkit allows the creation of a family of sidechains, each with its own consensus algorithm, meaning applications built on the sidechain do not rely on Cardano’s network rules.
Sidechains are connected to the mainchain through bridges, allowing asset transfers between chains.
After the IOG announcement, the price of Cardano’s native token, ADA, rose just 3% in the past 24 hours, in line with the cryptocurrency market as a whole.
｜Translation: coindesk JAPAN
｜Editing: Toshihiko Inoue
｜Original: Cardano Developer IOG Deploys Sidechain Toolkit to Boost Blockchain