Milkomeda C1 chain
Overview
The Milkomeda C1 sidechain is compatible with the Ethereum Virtual Machine and runs on the Cardano network. It allows Ethereum-style decentralized applications to function within the Cardano ecosystem, employing wrapped ADA (wADA) as its native token for transaction fees. A bridge mechanism supports the movement of assets between this sidechain and Cardano’s main chain.
Within The Counterparty graph, Milkomeda C1 connects to 6 tracked entities, most strongly to USD Coin, Tether USD, Dai.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 6 of 6 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | USD Coin | 95% |
deployed_on | Tether USD | 95% |
deployed_on | Dai | 95% |
deployed_on | Binance USD | 95% |
deployed_on | Binance Peg BUSD | 95% |
deployed_on | Frax | 95% |
Frequently asked questions
What is Milkomeda C1?
Milkomeda C1 is a layer2 tracked in The Counterparty knowledge graph. It is connected to 6 other tracked entities, most strongly to USD Coin, Tether USD, Dai.
What type of entity is Milkomeda C1?
Milkomeda C1 is classified as a layer2 (chain) in The Counterparty knowledge graph.
What is Milkomeda C1 connected to?
In The Counterparty knowledge graph, Milkomeda C1 is linked to 6 other tracked entities, most strongly to USD Coin, Tether USD, Dai.