Cardano and Polkadot become strategic partners

Cardano and Polkadot become strategic partners
Cardano and Polkadot become strategic partners

Cardano et al. polka dot The announcement of the strategic partnership marks an important step forward in the development of interoperability and scalability of blockchain platforms. The collaboration between these two leading blockchain platforms is expected to have a profound impact on the Web3 space.

Polkadot becomes one recent tweetshighlighted the scope of the collaboration: “Cardano will use Substrate, the foundation of the Polkadot SDK, to build its ‘Partner Chain’ project – demonstrating Substrate’s potential for Web3 scalability and ease of use for other chains and ecosystems. “

Input Output Global (IOG), the company behind ADA, spoke highly of Substrate. In a statement, they called it a “proven modular open source certification framework” and announced their intention to contribute a set of possible creative pallets to expand its scope. This move is not only IOG’s strategy, but also emphasizes the similarity in ideology and technological admiration between the two parties.

Cardano’s vision for a connected blockchain world

In a detailed blog post, IOG laid out its vision for integrating partner chains into the ecosystem: “At this week’s Cardano Summit 2023, IOG founder and CEO Charles Hoskinson proposed a new framework , will provide developers and validators with new ways to leverage Cardano’s core strengths – as well as some exciting new technologies – to build their own best-in-class counterparty chains.”

Explaining the rationale behind the initiative, Hoskinson said: “This collaboration will revolutionize the way new blockchains are launched and operated by combining modular blockchain technology with security, liquidity and transparency. Cardano’s proven trustworthiness and reliability. Partner chains will have these advantages without the constraints of any network or technology stack.”

Cardano’s design, which separates the Cardano Payment Layer (CSL) and the Cardano Computing Layer (CCL), has been a cornerstone of its architecture. “CSL has proven to be stable and scalable, creating the ultimate cross-chain payments layer. Through partner chains, networks will be able to build their own computing layers using modular frameworks and existing components, but still use CSL Make cross-chain payments,” Hoskinson outlined.

Hoskinson also emphasized the compatibility between the two platforms: “This modular approach to Substrate will allow partner chains to deploy any consensus protocol that meets the requirements of the Minotaur project, allowing partner chains to utilize a specific combination of resources to implement it. its consensus protocol. Therefore, Substrate’s open source code is a perfect fit for the Cardano stack and our shared vision of an interoperable blockchain world.”

The first blockchain to implement the framework will be Midnight, a data protection-focused blockchain from IOG. This method allows the implementation of any consensus protocol according to the requirements of the Minotaur project, helping partner chains customize their resource combinations for their consensus protocols.

This collaboration is a strategic construction between Cardano and Polkadot’s vision for an interconnected blockchain world. It addresses key challenges in the blockchain space, including compatibility, security, token economics, and vendor restrictions.

Security will be guaranteed by the Stake Processing Operator (SPO), and the Minotaur multi-resource consensus protocol will enable validators from different blockchain ecosystems to participate. It is expected that Babel fees will solve the token economics challenges of the new network and help compensate SPO through ADA. Additionally, trustless bridges are expected to connect partner chains to Cardano, thus promoting smooth compatibility.

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