IMPORTANT POINTS:
- Cardano partners with Polkadot to strengthen its blockchain ecosystem.
- Cardano’s ADA token rises 2.2%, while Polkadot’s DOT token remains stable.
- Cardano seeks to create a network of interconnected blockchains and will use Polkadot’s infrastructure to achieve this.
Cardano, the Layer 1 blockchain platform created by Ethereum co-founder Charles Hoskinson, has announced its plan to use the infrastructure of Polkadot, another competing Layer 1 chain founded by Gavin Wood, also a co-founder of Ethereum. This collaboration promises to boost the development of its “partner chain” initiative, in an effort to expand and strengthen its blockchain ecosystem.
The announcement came on November 3, and since then, Cardano’s ADA token has seen a 2.2% rise, reaching its highest level since July. Meanwhile, Polkadot’s DOT token remained largely unchanged, aligning with BTC and ETH trends, according to Coingecko.
Cardano’s vision is to create a global network of interconnected blockchains through its “associated chain” model. This innovation seeks to revolutionize the way new blockchains are launched and operate, by combining modular blockchain technology with the proven security, liquidity and reliability of Cardano. With “partner chains,” Cardano becomes the ultimate settlement layer and more.
To realize this vision, Cardano has chosen Polkadot’s Substrate development infrastructure. Substrate’s modular structure and flexible design make it an ideal choice for multi-chain setups. With this move, Cardano moves away from the concept of a single chain and into a network of multiple chains, each with their own unique strengths and capabilities.
The partnership between Cardano and Polkadot promises to drive the creation of a more robust and versatile blockchain ecosystem, enabling seamless interaction between independent chains. This step marks a milestone in Cardano’s evolution and its ambition to lead the blockchain industry by offering innovative and scalable solutions.
