Cardano’s Milkomeda sidechain, which has been working for nearly two months now, might sooner or later turn into a roll-up to Cardano’s predominant chain, in keeping with Cardano Insights.
As Cardano blockchain explorer suggests, Milkomeda has processed by greater than 5 million transactions since launch, or nearly 100,000 transactions every day. Regardless of such a big stream of transactions, customers are usually not dealing with any points with transaction prices or community congestion. The typical value of a transaction is at $0.001 USD.
When it comes to safety:
1. Even in the present day @Milkomeda_com has higher safety and is cheaper than Binance Good Chain as a result of trusted Cardano operators are working it. If they might do one thing “dodgy” – they’re more likely to obtain dangerous publicity and unfastened delegators on L1.— Cardano Blockchain Insights (@InsightsCardano) Could 21, 2022
At the moment, Milkomeda helps wrapped tokens by way of two bridges: Celer and Nomad. Merchants can use stablecoins like USDT and USDC and cryptocurrencies like AVAX, BNB and ETH, moreover a wide range of Ethereum-based tokens.
When it comes to safety, the platform provides higher and cheaper options in comparison with sidechains like BSC due to trusted operators on Cardano who run the community. As Insights Cardano suggests, any express exercise by operators would trigger an instantaneous lack of delegator spots on L1.
Milkomeda plans on having 32 validators and will now provide a comparatively excessive capability of 500 to 1,000 transactions per second. Additionally, one other sidechain or L3 resolution would haven’t any points working in any respect. As compared, Binance Good Chain has solely 13 validators, which places it behind Milkomeda.
Milkomeda launched on Cardano community first with Solana assist deliberate for the longer term. The challenge delivers roll-up tech for L1 ecosystems like Cardano and provides the constructing of cross-chain decentralized purposes with Solidity, the most well-liked sensible contracts language within the trade.
