Blockchain
Milkomeda, a Layer 2 protocol that brings EVM capabilities to non-EVM blockchains, has announced the news of a major implementation of the Cardano Ethereum-compatible sidechain, Milkomeda C1.
According to the company, the latest bridge contract, v5 on mainnet C1, has just been successfully deployed. It notes that this is one of the most important steps towards the imminent release of Milkomeda C1 v2.
The latest bridge contract v5 on mainnet C1 has just been successfully implemented 🎉
Congratulations to the team and validators
This is one of the most important steps towards Milkomeda C1 v2!
More info about what is v2 here 👇
— Milkomeda (there is no token) (@Milkomeda_com) May 19, 2023
Milkomeda C1 continues its transition process to v2. In an update yesterday, Milkomeda noted that bridge validators have begun a planned update to their bridging software.
The release of Milkomeda V2 will include features such as packaged smart contracts, liquid staking, an aggregator with a user bailout, and new validation software, which will also see the launch of several dApps.
In March last year, the Milkomeda Foundation unveiled Milkomeda C1, which enables Ethereum dApps to be deployed in the Cardano ecosystem.
Months later, Milkomeda has achieved remarkable success, processing millions of transactions. As noted by the team, the challenge remains that many of the tools are not operator friendly enough. This led to the decision regarding the release of Milkomeda V2.
Last month, Djed saw his bet on the Milkomeda C1 side chain. The implementation also makes Djed the first algorithmic stablecoin on Milkomeda C1.
Built on top of Milkomeda C1, Paima Studios launched a new Layer 2 for on-chain games called Paima Engine, which allows Cardano users to play any blockchain-based game without having to bridge tokens to another network.