Cardano partners with Nervos to enable cross-chain interoperability

Cardano Nervos

Cardano and Nervos are gearing up to enable interoperability between their platforms. Nervos unveiled this news through a blog post on June 2, noting that this will be Cardano’s first-ever cross-chain bridge. This connection will be powered by Nervos’ Force Bridge cross-chain technology, and it is set to help link the ecosystems of the two projects, which are worth billions of dollars, in terms of market capitalization. Reportedly, the projects project that all the work needed to complete this connection will only take six weeks.

According to the blog post, the bridge will let Cardano (ADA) and Nervos (CKB) holders use their tokens interchangeably. Also, it will let them develop user-defined tokens on both blockchain networks. On top of this, Cardano developers will get access to Nervos development tools to help them enhance their dApps and expand their user bases.

Explaining why interoperability is important, Romain Pellerin, IOHK’s CTO, said blockchain technology will only get mass adoption when end-users are not confined to one network or standard. According to him, interoperability helps users seamlessly access data, regardless of the network they use. He went on to noted that the bridge would help Cardano and Nervos work together on further innovation to ensure the blockchain delivers on its promises of offering a fair and efficient global financial system.

Cardano and Nervos have an existing relationship

While this is Cardano’s first chain bridge, it is not the first time the project has partnered with Nervos. Before this collaboration, the two firms joined hands in December last year to roll out a solution that would help boost the security of smart contracts. Allegedly, they sought to achieve this by enhancing Unspent Transaction Outputs (UTXOs), a popular accounting method that blockchain networks use.

Commenting on this partnership, Kevin Wang, Nervos’ co-founder, said it is especially exciting considering the relationship between Nervos and Cardano. He went on to note that Nervos has been working hard on research and that the bridge would help the project inch closer towards creating a functional interoperable network while showcasing Force Bridge’s capabilities.

Disclosing further details about the partnership, the publication pointed out that Mousebelt, a reliable blockchain accelerator, would build the bridge with Nervos providing financial support in the form of grants. On the other hand, Cardano will offer its expertise and resources to ensure its network connects to the bridge seamlessly.

The post Cardano partners with Nervos to enable cross-chain interoperability appeared first on Invezz.

Publication date: 
06/03/2021 - 18:18

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