Home Blockchain Nervos Network to Connect to Cardano (ADA) Sharing Interoperability Vision

Nervos Network to Connect to Cardano (ADA) Sharing Interoperability Vision

Nervos Network

Nervous Network pinned tweet reads:  “We’re excited to announce our latest project with InputOutputHK- a cross-chain bridge connecting Nervos & Cardano.  Find out what this epic milestone means for our ecosystem and the future of blockchain interoperability.”

For clarity, Nervos Network is A Blockchain Platform for Universal Applications.  The Nervos Network is an open-source public blockchain ecosystem and collection of protocols creating the foundation for a universal internet-like public network.  They are working, beyond interoperability and towards Universal Application.

All of their efforts are focused on ensuring unparalleled user reach and uptake. 

The technology:  Optimized Nakamoto consensus secured with ASIC-backed Proof-of-Work for maximum security and decentralization.  Sustainable crypto-economics with a built-in store of value mechanism to solve major sustainability challenges for public blockchains.  Unlimited flexibility and scalability through built-in, working, Layer 2 solutions on top of the powerful Nervos CKB Blockchain.

They are against naysaying like:  “You cannot create an app on one blockchain and reach users in every blockchain.”

“I bet you can’t use one crypto of your choice and one interface to interact with every single blockchain. One Crypto and one interface?”

“What if you have built your app already, surely you can’t just magically access users outside the blockchain it was built on?”

“You can’t port your code to every blockchain.”

Nervous Network Claims:  “Build on one blockchain and reach every blockchain. Nervous Network promises to be the platform, which will be your universal passport to blockchain.”

Nervous Network is now set to be the first cross-chain bridge of Cardano.  Thus, after the job with the IOHK developers gets done as planned, Nervous Network will be the first cross-chain interoperability bridge, potentially opening up access to billions of dollars from completed transactions between blockchains.

Nervous Network and Cardano have a shared vision of Interoperability.

Summing up the nervous blog states:  “The bridge will allow users to use Nervos and Cardano’s native currencies ($CKB and $ADA, respectively) interchangeably, as well as create their own tokens (user-defined tokens) across both blockchains. On both Layers 1 and 2 of the Nervos network, wrapped $ADA tokens will be available for use across the chain’s rapidly expanding suite of DeFi applications. Additionally, the bridge will enable developers from both chains to access services and features to expand their dApps and user bases. “

Cardano (ADA) is the first bridge outside of Ethereum to connect with the Nervos ecosystem. The completion of this cross-chain bridge will be a milestone accomplishment.

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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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