Cardano And Polkadot Announce Partnership!

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.”

2/ IOG, 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 (@Polkadot) November 6, 2023

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.”

4/ Substrate can also be leveraged to build self-sovereign blockchains that operate independently of Polkadot, such as Polygon’s Avail project.

Discover more about Substrate, and how it fits into the overall Polkadot SDK, on GitHub https://t.co/KlfDjN1oIK

— Polkadot (@Polkadot) November 6, 2023

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.”

#Cardano and #Polkadot announced a strategic partnership for #blockchain advancements.

⚫️This collaboration aims for enhanced interoperability and blockchain scalability.

⚫️Innovative framework aims to connect Cardano with multiple blockchain ecosystems. pic.twitter.com/yNoR8V3Js1

— Ajay Kashyap (@EverythingAjay) November 7, 2023

Well he wasn’t lying!! 😅 Cardano $ADA will Officially utilize Polkadot SDK (formerly called substrate).$DOT pic.twitter.com/DGxtNHjzWG

— The Kusama Escape (@TheKusamaEscape) November 4, 2023

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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