Milkomeda: A Sidechain Protocol in Cardano
BY
LIBERLION
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Milkomeda is a novel protocol that powers several leading blockchains (Algorand, Terra, Solana, Cardano), to interconnect, creating a path for long-term scaling.
Focused on helping non-EVM (Ethereum Virtual Machine) cryptocurrencies to achieve and maintain mass adoption, Milkomeda will empower them with EVM-based sidechains, and novel technology that provides a seamless user experience for both developers and users. in general.
The Ethereum Virtual Machine is a Turing complete virtual machine, which makes the Ethereum blockchain work possible, processing transactions and smart contracts with programming in Solidity.
Charles Hoskinson, CEO of IOHK, stated: “[…] Interoperability is crucial to mainstream blockchain adoption; At IOHK, we don’t believe there is ‘one blockchain to rule them all’ and instead value collaboration. When it comes to interoperability and scalability, sidechains are an essential part of our vision for Cardano […].”
The latest generation of blockchains (Cardano, Solana, Polkadot, etc.) approach scalability in their own way and with their own designs, however the developer community is limited to each ecosystem, so interaction is required to allow wider adoption.
The Milkomeda protocol proposes several sidechains, which will allow developers to write smart contracts in the languages they are familiar with, for example Solidity, and deploy them on multiple chains. Which means they don’t have to learn the functional programming languages of Haskel and Plutus to build on top of Cardano, thus lowering the barrier to entry for developers, and increasing their number on Cardano.
Milkomeda will be implemented on Cardano first, bringing EVM support to the ecosystem, as initially envisioned in the Cardano roadmap.
Future Milkomeda deployments will also open the doors to interoperability between Cardano, Solana, and other L1 blockchains. In this way, Milkomeda will work to achieve both the sidechain vision and the multi-blockchain interoperability vision.
For this reason, and alluding to that interoperability, the name “Milkomeda” derives from the merger of the Milky Way and Andromeda galaxies, uniting universes.
Sidechains as Blockchain Bridges
Milkomeda’s sidechain will enable the transfer of projects from one blockchain to another, by creating sidechains with alternative virtual machines, connected to the main L1 chains, that use their cryptocurrency as their base asset, exposing these projects to another group of users and thus increasing the exposure of a project.
Users holding tokens on the connected chain can move these assets to Cardano, and vice versa, simply by wrapping them on the sidechain that links the two blockchains. Once wrapped, these tokens become native assets on the Cardano mainnet and function the same as native assets on Cardano.
In other words, as an example for Cardano, Milkomeda will allow sidechains to be implemented that connect directly to the mainchain and use wADA (wrapped ADA) as the asset to pay transaction fees. As such, a new piece of technology, wrapped smart contracts, will be developed and implemented in the protocol.
With smart contracts wrapped up, the L1 blockchain becomes a strong coordination layer, where users stay, while executing smart contracts on the sidechain without having to move to the sidechain. This brings a novel user experience to the table for end users, where, for example, they will have the power to run smart contracts on an EVM sidechain directly from the Cardano mainnet (just like any other L1 implementation) without having to switch wallets or even not knowing what’s going on behind the scenes.
A DApp, or anyone, can deploy a smart contract on the sidechain from the connected virtual machine or from the blockchain. This makes the smart contract available to Cardano users who can then interact with it via the sidechain. This means that Cardano users can seamlessly use smart contracts that are based on other chains and written in coding languages other than Plutus.
Wrapped smart contracts open up the smart contracting capabilities of chains that do not use the Solidity programming language, for example, Cardano, Algorand, Solana, and Terra, to Solidity developers. Thus increasing the group of developers capable of programming in these chains.
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