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Nervos and Cardano.

Posted by luba66 Lyubov Sultanova on June 06, 2021 - 10:29am Edited 6/6 at 5:45pm


Nervos developers announced the creation of a "bridge" to connect the Cardano and Nervos blockchains and move the CKB and ADA cryptocurrencies between them.  The launch is scheduled for July.  According to the developers, this "first bridge beyond Ethereum" will connect the Cardano and Nervos ecosystems.  Holders of CKB and ADA will be able to move them between these networks, and the "wrapped" ADA will be available for use on the Nervos blockchain.  Network interoperability will be based on Nervos "Force Bridge" technology.  Users will be able to create their own tokens on both blockchains, and Cardano developers will have access to Nervos tools for developing decentralized applications.  The IOHK company behind the development of Cardano will share expertise and provide the necessary resources.  The launch of the "bridge" is planned within the next six weeks.  Nervos said the partnership with IOHK is aimed at creating an ecosystem that will become a faster and cheaper alternative to Ethereum, since the problem of high fees has not yet been resolved there.  IOHK CTO Romain Pellerin believes blockchain technology will only gain widespread acceptance when users are not tied to a single blockchain and can seamlessly access all assets and tools, regardless of the network used.  Therefore, such “bridges” connecting blockchains contribute to the creation of a fairer and more efficient financial system, Pellerin said.  Nervos co-founder Kevin Wang hopes that the companies will be able to continue collaborating on innovative research and development in the future.  In addition, last year Cardano and Nervos have already started collaborating on a project to strengthen the security of smart contracts.

  Author Victoria Kolodova.

Sincerely, Lyubov Sultanova 

Svetlana N thanks for sharing
June 13, 2021 at 1:41pm
Simon Keighley Great to read Nervos "Force Bridge" technology will bring network interoperability to the Cardano blockchain - thanks for sharing Lyubov.
June 7, 2021 at 8:26am
Bill Rippel That's interesting, Любовь. Let us hope it works smoothly.
June 6, 2021 at 2:25pm