Input Output, the research company behind the Cardano blockchain, announced via Twitter on Sunday, that they will be releasing the Ethereum Virtual Machine (EVM) sidechain alpha. The EVM sidechain alpha is currently in its testnet stage, but the team hasn’t revealed when it will be fully released.
Cardano (ADA) is an open-source Proof-of-Stake (PoS) blockchain network with its inception dating back to 2015. It utilizes a modified version of UTXO (EUTXO) to accommodate support for smart contracts, which are currently under development.
ADA is down by more than 6% in the last 24 hours and is trading at $0.4676 at press time.