The value of blockchain Cardano should increase very soon. Indeed, users will now be able to access Ethereum Virtual Machine (EMV) smart contracts from any Cardano (ADA) wallet.
This development is the result of a feature that will soon be available on Milkomeda. This network facilitates the linking of EVM contracts with blockchains such as Cardano and Algorand.
Thursday at the end of the day, Sebastien Guillemot, the CEO of Milkomeda, announced the rollout of a feature. This will allow any Cardano user to use EVM contracts directly from any Cardano wallet.
According to Mr. Guillemot, Milkomeda will soon offer staking incentives to all EVM users, including those designing smart contracts. He also said that staking rewards for Cardano products built on Milkomeda will be paid “automatically every five days.”
All accounts and Ethereum network smart contracts are stored on an Ethereum virtual machine. This functions as a virtual machine on which programmers build decentralized applications or dapps.
EVMs can be implemented on other blockchains for developers to create decentralized applications (dapps) and financial applications, similar to how they can on the Ethereum blockchain.
By using Solidity, the programming language that was used to create Ethereum, Ethereum app developers will be able to do so on the Cardano network. From then on, they will no longer need to install additional toolkits or learn a new programming language.
Additionally, the usefulness of the tokens for holders will increase since these applications can then be used exclusively with Cardano tokens rather than with ether (ETH), the native asset of the Ethereum network.
In addition, it should be noted that developers will be able to deploy dApps on the Cardano blockchain. Similarly, users will not be required to purchase additional tokens. With the ADA tokens present in their wallets, they will be able to use the platform as they wish.