The way Cardano users access Ethereum Virtual Machine (EVM) contracts is about to change thanks to a forthcoming feature on Milkomeda.
This functionality will increase the value of the network for both users and developers by enabling ADA users to access EVM contracts directly from any ADA wallet. Milkomeda is a network that links EVM contracts to blockchains like Cardano and Algorand, improving the interoperability of various blockchain networks.
Sebastien Guillemot, CEO of Milkomeda, recently tweeted that staking rewards for all EVM users—including those who create smart contracts—would soon be made available. Developers and users who will be able to get incentives for their contributions to the Cardano network will benefit greatly from this development.
Additionally, this feature will enable Solidity-based dapp and decentralized finance (DeFi) applications to be created on the ADA network by Ethereum application developers. Developers won't have to download new toolkits or pick up a new language thanks to this functionality because Ethereum is coded in the Solidity programming language. This boosts the utility of Cardano tokens for holders by enabling them to be utilized with applications instead of ether.
This new Milkomeda function will revolutionize the blockchain sector. It improves blockchain network compatibility and increases the usability of the ADA network for programmers and consumers. Developers and users have a lot to look forward to with the ability to access EVM contracts directly from any Cardano wallet and receive staking incentives.