.IOHK_Charles Cardano founder provides fascinating update on rollups, here's progress made ADA $ADA CardanoCommunity CardanoADA
"The sidechains project requires it. We are implementing on a very aggressive schedule. Midnight will be the first user," Hoskinson answered.
Last year, Cardano builder Input Output Global introduced the privacy blockchain Midnight, which will operate as a sidechain of the Cardano blockchain. Midnight will utilize zero-knowledge cryptography and a combination of private and public computation to provide a trustless ecosystem that protects sensitive personal and business data while being compliant. Use cases may include financial workflows, healthcare data and supply chain operations. has made progress in the development of Layer 2 solutions, particularly sidechains and off-chain solutions , which run independently alongside the main blockchain.
The EVM sidechain developed by IOG launched on the public testnet in February this year, allowing the community to deploy dApps, create smart contracts and move tokens between the testing environment chains. The testnet, which is compatible with Ethereum's tools and libraries, allows developers to write Solidity smart contracts, dApps and ERC20 tokens on Cardano test environments.
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