Cardano

Beefy

Polkadot

Felix

Alice

<ul>
 <li><strong>The Polkadot community is actively considering a bridge to link with Cardano.</strong></li>
 <li><strong>The initial community reaction to the Cardano-Polkadot bridge proposal has been supportive.</strong></li>
</ul>
<p>Members of the Polkadot community are fervently debating whether a bridge connecting the <a href="https://www.crypto-news-flash.com/polkadots-poke-initiative-aims-to-propel-enterprise-and-government-adoption-of-web3/" rel="noopener noreferrer nofollow">Polkadot</a> network to Cardano is feasible. This conversation is part of a larger attempt to improve the interoperability of the crypto industry.</p>
<p>Significant progress is being made toward creating a Cardano-Polkadot light client and NFT swap bridge, claims Felix, an agent from the Unifires ecosystem.</p>
<h2 id="strong-proposal-development-and-submission-strong"><strong>Proposal Development and Submission</strong></h2>
<p>Felix <a href="https://forum.polkadot.network/t/cardano-polkadot-bridge/8543/9" rel="noopener noreferrer nofollow">announced</a> on the Polkadot Forum that a proposal for this bridge has already been sent to Cardano and that a comparable one will soon be sent to OpenGov, Polkadot’s decentralized governance organization.</p>
<p>The plan seeks to raise money for a project that will solve the interoperability issues that are common in the cryptocurrency sector and help both ecosystems significantly.</p>
<p>With blockchain bridges, such as the one put out, users can move assets between networks. Taking care of interoperability issues in the larger cryptocurrency sector depends on this capabilities.</p>
<p>Since their founding, <a href="https://www.crypto-news-flash.com/polkadot-races-ahead-conor-daly-drives-dot-to-indy-500-spotlight/" rel="noopener noreferrer nofollow">Polkadot</a> and Cardano—both created by Ethereum co-founders Gavin Wood and Charles Hoskinson—have seen tremendous technical advancement and user expansion. Given the imminent significant enhancements, the suggested bridge should increase the usefulness of both blockchains even further.</p>
<h3 id="strong-the-polkadot-community-response-and-technical-insights-strong"><strong>The Polkadot Community Response and Technical Insights</strong></h3>
<p>The Polkadot community has responded initially mostly favorably. As Alice and Bob, Polkadot Head Ambassador Tommi Enenkel provided advice on how the bridge might be built. The most direct method, he said, for the Polkadot-to-Cardano path would be to confirm Beefy proofs on a contract on <a href="https://www.crypto-news-flash.com/cardano-ada-predicted-to-surge-analyst-sees-40-potential/" rel="noopener noreferrer nofollow">Cardano’s</a> Layer 1.</p>
<p>As per CoinMarketCap data, DOT is currently trading at about <strong>$5.71</strong>, down<span style="color: #ff0000;"><strong> 1.26%</strong></span> over the last 24 hours. The price of ADA, however, has dropped by <strong><span style="color: #ff0000;">2.52%</span></strong> over the same time frame to about <strong>$0.379</strong>.</p>
<div class="cryptoboxes" id="mcw-435418" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="polkadot-new" data-symbol="DOT" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
<p>Previously, CNF highlighted how actively the Polkadot community <a href="https://www.crypto-news-flash.com/polkadot-community-thrives-with-active-governance-and-forum-growth/" rel="noopener noreferrer nofollow">participates</a> in governance, citing 91 referendums conducted in May, of which 56 were passed and 22 were not. This degree of involvement shows how excited the community is about OpenGov.</p>
<div class="cryptoboxes" id="mcw-419861" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="cardano" data-symbol="ADA" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Cardano and Polkadot to Potentially Link via New Bridge

Table of Contents

Crypto News Flash

Other articles published on Jun 27, 2024

Investors Assess BONK and MANA Coins

From Presale to Prosperity: MoonBag Presale Promises Sky-High Returns

Surging PEPE Demand Comes With a Catch: Price Impact

What is the Top Crypto Presale to Buy Now?: BlockDAG, Memereum, Bitbot, Buttchain, or Rollblock

Cryptocurrencies Hit New Peaks

Step Up to the Big Leagues with MoonBag Coin, While Shiba Inu and Ripple Struggle to Gain Ground

Join our free newsletter for daily crypto updates!