Milkomeda successfully delivers cross-chain dApp performance on Cardano
Cardano’s Milkomeda sidechain, which has been working for almost two months now, may one day become a roll-up to Cardano’s main chain, according to Cardano Insights.
As Cardano blockchain explorer suggests, Milkomeda has processed over five million transactions since launch, or almost 100,000 transactions per day. Despite such a large flow of transactions, users do not face any problems with transaction costs or network congestion. The average cost of a transaction is 0.001 USD.
Currently, Milkomeda supports wrapped tokens via two bridges: Celer and Nomad. Traders can use stablecoins like USDT and USDC and cryptocurrencies like AVAX, BNB and ETH, besides a variety of Ethereum-based tokens.
In terms of security, the platform offers better and cheaper solutions compared to sidechains like BSC thanks to trusted operators on Cardano running the network. As Insights Cardano suggests, any explicit operator activity would result in an immediate loss of delegator slots on L1.
Milkomeda plans on having 32 validators and may now offer a relatively high capacity of 500 to 1,000 transactions per second. Also, another sidechain or L3 solution would have no issues running whatsoever. In comparison, Binance Smart Chain has only 13 validators, which puts it behind Milkomeda.
Milkomeda first launched on the Cardano network with Solana support planned for the future. The project provides deployment technology for L1 ecosystems like Cardano and offers the creation of cross-chain decentralized applications with Solidity, the industry’s most popular smart contract language.
