The Milkomeda protocol offers non-EVM based blockchains numerous benefits, targeting everyone from end-users to developers. Integration into new ecosystems benefits the L1 blockchain's native currency as it gains usefulness as the base asset of the sidechain. Users will have the opportunity to try out dApps written in previously unsupported smart contract language, deployed on a sidechain, and coordinated directly from the main chain via wrapped smart contracts.
Developers from existing blockchains will have the opportunity to join the ecosystem with a low barrier of entry as they keep their current tech stack yet get to interop with the mainchain and use its base asset for their DeFi protocols. As new VMs or smart contract languages are released, new sidechains can also be deployed by the community to attract those developers too. Each added sidechain brings more value to the ecosystem as a whole, and reinforces the value proposition of the main chain as the L1 coordination layer. Existing ecosystems such as Solana and Cardano have garnered significant attention in recent months from dApp developers across the board. The novel tech peaks so many devs' interest, yet the challenge of adapting to an entirely new ecosystem is enough to make a significant majority shy away.
For this reason Milkomeda will launch in both of these ecosystems (Solana & Cardano) and deploy EVM-based sidechains for each. This will aid them in acquiring existing Solidity developers out there who are interested in building dApps for whole new user bases. With a first mover advantage for sidechains on both chains, we expect to ride the initial wave of excitement and build a protocol that makes a difference and lasts.
Finally, it is clear that much untapped potential will be unlocked with Milkomeda powered wrapped smart contracts, thereby pushing each of the L1 Blockchains to become the best they can be and opening up the flood gates for both new developers and users.
Last modified 1yr ago