HomeNewsCardano's Djed Protocol Makes Groundbreaking Move, Deploys on Ethereum-Compatible Sidechain - Unlocking...

Cardano’s Djed Protocol Makes Groundbreaking Move, Deploys on Ethereum-Compatible Sidechain – Unlocking a New Era of Interoperability and Growth

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    • Djed Alliance has deployed its stablecoin protocol on Milkomeda-C1, Cardano’s EVM-compatible sidechain.
    • This marks the third deployment of Djed stablecoin protocol and the first deployment on Solidity.

Djed Alliance Deploys Stablecoin Protocol on Cardano’s Milkomeda-C1

Djed Alliance, the steward of Djed stablecoin protocol, has announced that its stablecoin protocol is now live on Milkomeda-C1, the EVM-compatible sidechain of Cardano. This marks the third deployment of Djed stablecoin protocol and the first deployment on Solidity, the main programming language for writing smart contracts for the Ethereum blockchain. The new deployment is expected to create room for its expansion to several additional EVM-compatible blockchains.

Djed stablecoin protocol went live on the mainnet in January this year and has since shown growth in its utility. The new deployment on Milkomeda-C1 is expected to enhance its utility and offer more options for users.

Dead Pxlz to Launch New Game in Cardano Ecosystem

Dead Pxlz, a non-fungible token (NFT) project, will soon launch a new game in the Cardano ecosystem. Dead Pxlz is using the Paima Engine to produce the upcoming PXL Wars game, according to a tweet from Paima Studios, the company that created it. This development is significant as it further enhances the gaming capabilities of the Cardano ecosystem and adds to the growing utility of the platform.

Recent Developments in Cardano Ecosystem

Cardano builder IOG has published its most current weekly report, highlighting ecosystem developments. The Hydra team investigated adding Hydra support to Kupo, worked on resolving state machine continuity on-chain and considered voting project possibilities. To prepare for the 0.10.0 release, the team also updated some dependencies and rectified a few problems in the test suites.

The Conway ledger era development and CIP-1694 have both seen additional progress over the past two weeks from the ledger team. Conway now supports Plutus v3 in particular, and CIP-1694 is the first version of Cardano’s on-chain governance. Achieving widespread consensus is essential as Cardano looks to the future, given its significance.

These developments are expected to enhance the platform’s capabilities and offer more options for users.

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Godfrey Benjamin
Godfrey Benjamin
Godfrey Benjamin is an experienced crypto journalist whose primary goal is to educate everyone about the prospects of Web 3.0. His love for crypto was sparked during his time as a former banker when he recognized the clear advantages of decentralized money over traditional payments. Business Email: info@ethnews.com Phone: +49 160 92211628