Cardano and Polkadot have revealed a strategic partnership. This is a big step forward for blockchain interoperability and scalability. The Web3 space will be changed in big ways by this partnership between two of the most popular blockchain platforms.
Polkadot recently tweeted about the partnership’s scope: “Cardano will use Substrate, the foundation of the Polkadot SDK, to build out its “partner chain” project. This will show Substrate’s potential to grow across Web3 and its ease of use for other chains and ecosystems.”
The group that created ADA, called Input Output Global (IOG), had great praise for Substrate. In a statement, they called it a “proven open-source modular framework” and said they would be adding a set of “composable pallets” to make it more useful. Not only does this move show IOG’s plan, but it also shows that the two companies share a philosophy and a respect for technology.
Cardano’s Plan for a World of Connected Blockchains
This week at the Cardano Summit 2023, IOG founder and CEO Charles Hoskinson laid out a new framework that will allow developers and validators to use Cardano’s core strengths – along with some exciting new technologies – to build their own optimized partner chains. IOG wrote a detailed blog post about their vision for integrating partner chains into the ecosystem.
Hoskinson explained the idea behind this project by saying, “Partner chains will change the way new blockchains are launched and run by combining modular blockchain technology with Cardano’s proven security, liquidity, and reliability.” This is good for partner chains because they won’t have to stick to one network or technology stack.
The design of Cardano, which separates the Cardano Settlement Layer (CSL) from the Cardano Computation Layer (CCL), has been a key part of its system. “The CSL has shown itself to be reliable and expandable, making it the best cross-chain settlement layer possible.” He went on to say that with partner chains, networks will be able to create their own computation layer using a modular structure and existing parts, while still using the CSL for settlement across chains.
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Hoskinson also talked about how the two platforms work well together by saying, “Using this modular approach with Substrate will let partner chains implement any consensus protocol, meeting Minotaur’s needs to let partner chains use certain combinations of resources for their consensus.” So, Substrate’s open-source code works well with Cardano’s stack and fits with our shared goal of making all blockchains work together.
Midnight, an IOG blockchain that focuses on data security, will be the first to use this system. This method works with any consensus protocol and meets the needs of the Minotaur project. It also lets partner chains choose the right resource combos for their own consensus protocols.
Cardano and Polkadot’s goals for an interconnected blockchain world are strategically aligned in the relationship. Some of the biggest problems in the blockchain world that it tries to solve are interoperability, security, tokenomics, and vendor lock-in.
The Stake Pool Operators (SPOs) will be in charge of security, and the Minotaur multi-resource consensus protocol will let validators from different blockchain communities take part. Tokenomics problems should be solved by Babel fees for new networks, making it easier for SPOs to get paid in ADA. Trustless links are also expected to connect partner chains to Cardano, making it possible for them to work together without any problems.