Cardano is even more interoperable. Now connected to Nervos

Cardano is even more interoperable. Now connected to Nervos

DeFi Ethereum News
June 3, 2021 by J.D. Smith
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IOHK has announced its collaboration with China’s leading public blockchain, Nervos, to connect it to Cardano.  IOHK is the lead developer on the Cardano blockchain and is working on a bridge between the two blockchains to allow users to transact interchangeably with Nervos (CKB) and Cardano (ADA) native currencies. The bridge will reduce transaction costs

IOHK has announced its collaboration with China’s leading public blockchain, Nervos, to connect it to Cardano. 

IOHK is the lead developer on the Cardano blockchain and is working on a bridge between the two blockchains to allow users to transact interchangeably with Nervos (CKB) and Cardano (ADA) native currencies.

The bridge will reduce transaction costs between the two blockchains and allow the creation of own tokens on both blockchains to remove inefficiencies, complexity, potential bugs and unnecessary costs.

The bridge between Nervos and Cardano

Nervos is a collection of protocols and a public blockchain ecosystem based on the Nervos Common Knowledge Base (CKB), i.e. its permissionless layer 1 blockchain protocol using Proof-of-Work and an additional second layer for scaling and smart contracts.

The bridge developed by IOHK will be Cardano’s first cross-chain bridge and will also allow developers on both chains to access services and functionality to expand their dApps.

IOHK’s CTO Romain Pellerin said:

“Similar to how the Internet was built from the interconnection of extranets (themselves interconnecting intranets), we believe that blockchain will achieve mass adoption by interconnecting public blockchain networks. Hence, end-users are not locked into one particular network or standard, and can seamlessly access value and utility, regardless of which underlying blockchain network they are using. As a result, bridges are not just a necessity in order to ensure that users have a seamless experience, but will become the norm, allowing underlying blockchains to fade into the background, as a transport layer. By connecting blockchain communities and finding innovative ways to work together, as we have been doing with Nervos, we can ensure that blockchain lives up to its promises of creating a fairer and more efficient global financial operating system”

Nervos co-founder Kevin Wang added:

“Creating a bridge to link the Nervos Network and Cardano is especially exciting given the relationship we have already built with IOHK. We have been growing our research and development partnership, but we now have a tangible bridge that will also showcase the power of the Force Bridge and push us further along the road to a functional interoperable network”

Blockchain accelerator Mousebelt will also contribute to the bridge, with financial support in the form of a grant from Nervos.