Cardano And Polkadot Announce Partnership!

November 7, 2023 11:18 am Comments

Two of the biggest altcoin projects have just announced an exciting, new partnership!

According to reports, Cardano has signed on to use Substrate, which is the basic foundation of development on the Polkadot network. This is significant as the two blockchains have long been competitors, vying to unseat Ethereum.

Polkadot recently announced: “Cardano will use Substrate, the foundation of the Polkadot SDK, to build out its “partner chain” project — showcasing Substrate’s potential to expand across Web3 and its ease of use for other chains and ecosystems.

OG, the leading developer of Cardano, describes Substrate as a “proven open-source modular framework” and will contribute a set of composable pallets to broaden its overall reach.”

Polkadot continued with the announcement in this thread: “OG says it has “long shared common ground and had respect for the modular technology the Substrate team has developed. Substrate can also be leveraged to build self-sovereign blockchains that operate independently of Polkadot, such as Polygon’s Avail project.”

Cryptopolitan provided more details:

Cardano’s architectural design, which bifurcates the Cardano Settlement Layer (CSL) from the Cardano Computation Layer (CCL), serves as a cornerstone of its infrastructure.

The CSL has proven to be robust and scalable, forming an ideal cross-chain settlement layer. With the introduction of partner chains, networks will gain the ability to construct their computation layers using a modular framework and existing components, while still leveraging the CSL for seamless settlement across chains.

Crypto YouTuber Ajay Kashyap explained: “This collaboration aims for enhanced interoperability and blockchain scalability, [and an] innovative framework aims to connect Cardano with multiple blockchain ecosystems.”

Bein Crypto added:

According to Santiment, Cardano has attracted a consistently high level of network activity over the past week. The chart below illustrates that Cardano has witnessed a steady flow of network activity from at least 30,000 unique addresses in each of the last 9 days dating back to October 23.

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