Milkomeda CEO announced Cardano users can soon use EVM contracts directly from any Cardano wallet

03/31/2023 06:51 • Digital Disruptors • 93 views

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

Introduction

Sebastien Guillemot, CEO of Milkomeda, recently announced that a new feature would soon be introduced that would allow Cardano users to use EVM contracts directly from any Cardano wallet. This is great news for Cardano users who have been looking for ways to interact with the Ethereum ecosystem, without the need for an intermediary. In this article, we will explore what this means for Cardano and how Mikomeda is providing pledge rewards for all EVM users.

What is Milkomeda?

Milkomeda is a Layer 2 network protocol that provides EVM functionality for non-EVM compatible chains. It allows developers to build decentralized applications (dApps) on non-EVM chains, such as Cardano, using the Ethereum Virtual Machine (EVM). This means that developers can use the same tools and languages they are familiar with to build dApps on other networks. Milkomeda is built to solve EVM compatibility issues and provide developers with more flexibility.

How does the new feature benefit Cardano users?

The new feature announced by Guillemot is a game-changer for Cardano users as it eliminates the need for an intermediary to interact with the Ethereum ecosystem. This means that Cardano users can now directly use Ethereum smart contracts from their Cardano wallet. This will allow for more seamless interactions between different blockchains and expand the use cases for Cardano.

What are pledge rewards?

Pledge rewards are a type of incentive provided by Mikomeda to all EVM users. This includes smart contract developers who build Cardano products using Milkomeda. The pledge reward amount is calculated based on the total value locked in Milkomeda’s contracts, and the rewards are automatically paid every 5 days. This provides an additional incentive for developers to build on Cardano and use Milkomeda’s technology.

How does this impact the Cardano ecosystem?

The integration of Milkomeda’s technology into Cardano is a big step towards making Cardano a more versatile and interoperable blockchain. It opens up new opportunities for Cardano developers and dApp users who were previously limited to only Cardano’s ecosystem. It also brings Cardano closer to the wider Ethereum ecosystem and expands its user base.

Conclusion

The announcement by Milkomeda’s CEO, Sebastien Guillemot, that Cardano users will soon be able to use EVM contracts directly from any Cardano wallet marks a significant milestone for the Cardano ecosystem. This will enable more seamless interactions between Cardano and Ethereum, and expand the use cases for Cardano. Additionally, Mikomeda’s pledge rewards for all EVM users, including smart contract developers, incentivizes developers to build on Cardano and use Milkomeda’s technology. This integration of Milkomeda’s technology into Cardano is a big step towards making Cardano a more versatile and interoperable blockchain.

FAQs

1. What is Milkomeda?
Milkomeda is a Layer 2 network protocol that provides EVM functionality for non-EVM compatible chains.
2. What is the new feature announced by Guillemot?
The new feature announced by Guillemot allows Cardano users to use EVM contracts directly from any Cardano wallet.
3. What are pledge rewards?
Pledge rewards are a type of incentive provided by Mikomeda to all EVM users. This includes smart contract developers who build Cardano products using Milkomeda technology.

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