world mobile token announced that it will deepen its collaboration with Input Output (IO) to develop a dedicated permissioned Cardano sidechain.
World Mobile Group CEO Micky Watson said the move was necessary to comply with telecommunications regulations. Additionally, World Mobile his chain will be built using Cosmos’ open source protocol, Tendermint, as Cardano “doesn’t have such a solution yet”.
“We look forward to working with IOG on this project towards an interoperable future that accelerates the vision we have shared since 2018.”
Cardano x Cosmos
The company has been working with the IO sidechain team on this project for several months. Once completed, World Mobile Chain will bridge the Cosmos and Cardano blockchains, opening up interoperability between the two chains.
“Through this technology initiative, the common goal is to bridge permissioned solutions built on Cosmos’ SDK with Cardano’s public mainnet. It opens up new possibilities.”
World Mobile said it always envisions a “multi-chain future.” Furthermore, it was explained that telecommunications regulations require separation of public and private data architectures to prevent sensitive customer data from being exposed on public chains.
Cosmos is a blockchain ecosystem that simplifies development by providing an “off-the-shelf” network and consensus layer, allowing developers to focus on building the application layer. The company’s goal is to create an “Internet of Blockchains” where each chain can communicate in a decentralized way.
This process tender mintis an open-source proof-of-stake protocol featuring a modular architecture that enables application development without major changes to the core protocol.
“Tendermint allows us to seamlessly create any blockchain system. It helps us overcome the time-consuming technical setup phase and allows us to focus on the application itself.”
World Mobile will not leave Cardano
Ah Reddit user I asked if this means that World Mobile is ditching Cardano in favor of Cosmos. It was explained that World Mobile is using the Cosmos software development kit to build a custom sidechain. However, World Mobile transactions will continue to be settled with Cardano.
Cardano sidechain Follow the “foreign events” and incorporate them into the state. So World Mobile Chain is essentially a smaller, independent and more centralized blockchain linked to Cardano. Similar to the EVM Layer 2 solution, the Cardano sidechain also constitutes the mainchain technology, including security.
“Cardano sidechains can implement many different consensus algorithms, ledger rules and executions. Environments, user-facing APIs, and more.“
world mobile We aim to use blockchain technology to provide internet access to areas lacking communication infrastructure. WMT saw him up 7% on this news.