After XRP, Cardano is the next big cryptocurrency based on market cap and its users have a reason to celebrate. A recent update has caught the attention of Cardano users, as they will soon be able to access Ethereum Virtual Machine (EVM) smart contracts through any Cardano wallet.
All the credit for this development goes to the EVM based Layer 2 technology Milkomeda, which provides a bridge that connects blockchains like Cardano and Avalanche to EVM contracts.
Sébastien Guillemot, co-founder and CEO of Milkomeda, spoke about the upcoming launch that “Milkomeda (Cardano’s EVM layer) is launching a feature allowing EVERY Cardano user to use EVM contracts directly from ANY Cardano wallet.”
All smart contract developers and Ethereum Virtual Machine (EVM) users will soon be eligible to receive rewards from the Milkomeda platform on staking. Users can receive money “automatically every 5 days” if they create Cardano products on Milkomeda.
The EVM enables DApps to be created and run on the Ethereum network, providing a platform for developers to create decentralized applications with smart contracts.
Similarly, thanks to Milkomeda, developers of Ethereum applications can easily use Solidity on Cardano’s blockchain network. With the help of this feature, developers can skip installing additional toolkits or learning a new language.
Specifically, developers can apply for an upcoming hackathon “including 34K in prizes”.